That means I can either have a cash cushion for any renovations or covering some of my mortgage until I get a tenant  or get into a property quicker.- That puts my mortgage at around $1,500.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

She states minor work is needed: covers for a couple of outlets, kitchen refresh, cracked window to be replaced.

An investment property only requires 15% down even up to 4 units and only 10% down for a Second/Vacation home.When you talk to the Bank for example we run the numbers to ensure you have enough money to cover downpayments, closing costs, renovation/repair money etc. 

Cars are covered by car insurance, not homeowner or renter policies.Tenants files a claim with their car insurance, and you don't do anything.

You make the mortgage payments on their behalf.Advantages:Full Ownership: You gain full legal title to the property while keeping the favorable 3.25% interest rate.Control: You have more control over the sale because you hold the deed.Simpler Resale: Since you hold title, you avoid the complications of a land contract when reselling, especially to FHA buyers.Risks:Due-on-Sale Clause: The lender could potentially enforce the due-on-sale clause if they find out you’ve taken title, though this is relatively rare in practice as long as payments are made.Higher Closing Costs: You would need to close formally and cover title, closing, and potentially transfer costs.3.

Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where income covers all costs while looking for my own house.My question is, can I get a normal 20% down conventional loan for the rental, and then later I get a conventional 3% down loan for my house?

The rent should comfortably cover the mortgage payments, especially with interest rates potentially stabilizing soon.

My buddy runs a free meetup in Nashville that covers a different topical discussion each month. 

He does cover some wholesale/rehab material but it’s not the focus of the program.