To start your journey, I always suggest looking into a property that you can rent out to cover your mortgage payments and start cash-flowing.

So he asked for my permission to allow the tenant to sign a lease and move in effective Jul 15th and they will cover the rent owed to me until the housing inspection is done and rent is coming from them.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I’ve started at looking at different lenders this week and noticed that some offer grants that cover some cost to close.

The idea was to find a property, 4-plex, that would allow me to break even, cover the mortgage, and hold onto it as a long-term investment.However, analyzing the data and really coming to terms with Colorado's market, I’m rethinking my approach.

In September I never cash flow and in a couple of months I just cover so I look at it annually.

House hacking can cover mortgage payments, live cheaply, and build equity over time.Good luck!

Make sure you fully understand what the fees cover.

I read the HUD link in full and am fully understanding now my rights, and as I understand it if a tenant requests a door be widened, they must pay for that, a contract is in place, and it is returned back with a deposit made that is large enough to cover the full construction costs.

With the recent episode of BP covering this topic I'd figured it be a good idea to start a thread for all those curious here.