using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing. 

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.

Tracking can be done in property management software, a spreadsheet, or even a piece of paper and a pencil, as long as you can account for who's money is in the account.

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.

The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

A property is available off market that seems to be a great deal.

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

I'm brand new to this sort of stuff myself and I'm very interested in small multifamily properties.

I'm not a fan of selling a property that is performing in order to solve a short term problem.