Originally posted by Fred Damali:I am currently looking at a 200k property (3-unit house).I wonder if its wiser toA) just finish paying off my 1st property and then getting a 2nd laterB) use that money to make a big downpayement for a 2nd property c) get (2) 200K rental properties and put down 50k as a downpayment for each.d)buy a single-family house CASH paid in full.And probably make $1000 month in rent and then use this INCOME to either help pay off my 1st prop mortage or to buy a third property later.If you have an appetite for for managing properties then option C is the quickest way to reach your goals assuming the income can cover the debt and expenses.

But most of the posters here that I have noticed are giving specific examples for others to follow without expecting them to pay anything for any video.I do believe that you could give specific advice without giving away your system and thereby also wetting the appetite of a lot of us to check things out further.I hope this did not come across as any type of attack at all, but just the way things seemed to come across to me as mostly an outsider.

IMHO If you can find a desirable neighborhood that does not need them to attract quality tenants that absolutely suppresses potential special assessments (hence additioanl HOA fees) that might crop up.

By the facts showing in this post ERP still has not committed fraud: From Blacks Law dictionary: All multifarious means which human ingenuity can devise, and which are resorted to by one individual to get an advantage over another by false suggestions or suppression of the truth.

He's Captain of the Morale Suppression Team, but his tax knowledge is extensive.

There are more buyers than there is product to feed the appetites of investors and normal homeowners.

The rest of the costs will be electrical, fire suppression if needed, insulation, new/repaired HVAC etc....that could be quick and easy at $5 per square foot or as much as an additional $25 plus....Sorry I can't be more specific but your question is one of the many that fall into the "it depends" category.Mike

Another item to mention is that it can take many phone calls to determine which banks have an appetite for your type of investing and the best product(s) to support it.  

In regards to your first question, I would keep looking in San Antonio if it were me, but each investor has their own parameters, risk tolerance, and appetite. 

I understand their appetite has been equally as voracious in Chicago and Phoenix.