@Adrian Gonzalez sounds like you have a fantastic work ethic.

Read "Multifamily Millions" by Dave Lindahl as a start... fantastic read, and really sheds light on why to scale to MF.

: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.

That's a fantastic bit on information!

@Ellie Perlman fantastic idea!

@Ned Carey fantastic point!

Getting good at finding deals can be a fantastic asset and can really help propel you into success.

Fantastic.

Different strategy for everyone just like I do not like residential at all but some investors think it is fantastic.

@Jay Helms This is fantastic!