The property itself is fairly unique with a lot of great features so I am not too concerned (hence why I am acquiring it).

Or you can stretch the payments out further and add annual interest into the loan.There are pretty much unlimited ways to structure money loans that don't involve tying the funds to a property, and this is why it needs to be documented in writing - so you, your lender, and your attorney are all clear on the terms that have been agreed to.

For instance, if you are looking for an owner occupied multi family find an agent that has gone through the process with a client and been through the different aspects that are unique to buying that kind of property.

Yeah, having to put $4000 out of pocket just for mortgage seems a bit of a stretch for us.

People hope that it can be done part time or only after work hours but that's a pretty big stretch.

I'm hoping my tale can inspire anyone reading this to always strive for more, never take no for an answer, and don't be afraid to stretch yourself beyond your perceived limitations.For a little back story, here's my first real post on BP when I started (beware, I'm a long winded sob)https://www.biggerpockets.com/forums/223/topics/371714-making-my-splash-in-real-estate-6-units-in-11-monthsI started 2018 owning 10 properties, 15 total units.

I originally was planning on buying a house just as a residence, but after listening to the Bigger pockets podcast and reading Rich dad poor dad, I want to make a smarter investment.I am in a unique situation because I work for the police department and my primary residence is required to be in one of the five boroughs or Long Island.

Or cash isn't a good idea if you are trying to scale and have employees.The only online payment we have that has zero (or nearly zero) charge back is our QR code system where they go take cash to something like a CVS, show them their unique QR code, and the cash automatically shows up on their tenant ledger.

Even doing it yourself with no labor cost factored in, $8k would be a stretch in my opinion even before the eviction of the destructive pit bull owning tenant. 

Bridgeport is unique due to its geographic location and low barrier of entry for multi investments.