I went from growing up in a hut in Vietnam and spending my early years in Section 8 housing in the U.S. to now owning four cash-flowing properties (8 units) across three states.

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

If you are willing to do mid-term, you open a lot of boxes up.

Their business still needs to grow up. 

We have several who drive up from the Joplin Area.Definitely worth your time.Next meeting is February 11th, 2025

Do you look up competitor rates?

Appraisals are backed up and on the right timeline of investor deals, every day counts when you need toBeef up the appraised ARV to get a healthier LTV.Hope this helps!

I can feel that you have embraced the move and change. if you want to meet some local investors there is a meet-up next Tuesday. it's posted in the classifieds.

The stock market is up something like 80% of the days long term.