By purchasing this property, I now have very little money, but I still want to invest.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC.

I figured lowest money out of pocket was the best way to go, and in this case FHA would provide the lowest downpayment.

I agree with @Becca F. that hard money rates scare me.

You said, "I'll have to put in extra of my own money for reserves..."

I agree that the best way to make money is self manage your short term rental (not AirBNB, that is a platform).

Borrowed money from friends and family to pay cash for the property as the bank would not finance it until it had been remodeled, made livable, and brought up to code.

NO THE ASSIGNMENT FEE IS NOT YOUR MONEY.

I know one person that did this recently and was able to negotiate no money down and 12% over 5 years but this was probably in the mid west.