"Source of income" does not include income derived in an illegal manner."

Buy/hold is slower income build up but it is sustained and grows throughout your lifetime. 

With this in mind I am getting to the point in life I need to pay myself back and provide a sustainable future for my family.

With this in mind I am getting to the point in life I need to pay myself back and provide a sustainable future for my family.

well what I would do is tell the seller the house needs 45k.. and since he holds the first you are improving his collateral therefore its safe for him to take a smaller down payment.Maybe offer to escrow the rehab funds so that if you say your going to rehab but don't he can go in and grab his 25k that is not coming to him in the form of down paymentlet him be in control of that 25k in some manner.. that may work.Its just like when I tie up development ground if I have a very cautious seller..

Think about how much your time is worth and whether you truly plan to build a solid, sustainable portfolio.

His secretary insisted there would be all kinds of roadblocks to doing that in a timely manner, and I didn't proceed, but expedited access to that kind of loan was yet another reason we had put the money with him instead of leaving it where it was.During 2018 we lost $4000 of the $36,000 and paid him approximately $400 in management fees for the privilege.

You're losing $24,000/year which is not sustainable but on the other hand, you'll lost money after commissions and closing costs if you can only sell it for $1.2M.

FHA has a "self sustainability" guideline on 3 and 4 unit properties -- this means the property itself needs to generate enough income from of the other 2 or 3 units (other than the one you're living in) to cover the carrying-costs of the property 100% (mtg, taxes, insurance, PMI). 

Hey BP Community,I recently purchased my first property in Milwaukee, and I am currently performing sustainable upgrades on the home with the hopes of renting it soon.