Quote from @Liz Rivera: I’m currently in the same predicament, except I’m renovating the unit I’M living in. I

I got a nasty gram from the state of NV when I just said I was thinking about making a loan there.someone on BP I think turned me in.. I

Aim for $500/mo min and even that won't allow you to tap into unless that's after cap ex, management, vacancy is factored in. I

If I had to add all those in I would be a 400 fico :)

At the moment, I am trying to get to know the market I am in. I

To clarify, I'm not having trouble getting loans for my LLC, I just see posts and hear on the podcasts about people getting "up to 10" conventional mortgages for properties they buy as investments and don't live in. I

I could send you a handful of articles that would give you the basics and you'd be fine.I have 14-doors in Detroit and 3 of them I've placed S8 tenants in. I

Maybe there are things I don't know and haven't factored in. I

My best advice, if your friend does move in, is to set up front what expectations you have (you mow the lawn every other week or first week of the months, whatever).

Thanks @Chris Seveney and @Andrew Postell for chiming in! I