Or just used $15k as a downpayment and then had to make a couple months of payments to make the property ready, pay for inspections and repairs, commissions, utilities, advertising, and then it sat empty for a month and you had to make another payment?

Once you highlight a couple of locations, pay attention to active inventory in the areas by going to listing sites and checking out properties for sale.

I suggest you look into commercial lending, to learn about it before you require it, and start looking for people in the lending space who can assist you as you move forward and with whom you can develop relationships.You now have mad skills and experience doing the whole demo and rebuild, and if you can repeat a few times, your one deal enables you to add a couple others.  

@Shawn McMahon I agree with @Travis Sperr that the data says that there is no relief in sight for the next couple of years.

I have some clients who are brrring out properties and are able to pick up a couple at a time, and refinance in a blanket loan, get out most if not all of the money they put down on the original hard money/rehab loan, rinse and repeat.

Depending on your financial situation, negative cash flow for a couple of years may make sense (talk with your CPA).The local REIA is a great spot to connect with other investors, there is one at Mazama Brewing every month in Orenco Station.

Only done a couple but they were pretty good.

There are a couple of ideas with real estate that most people shoot for.1.

They do have a monthly fee that tenants now pay to have tenant insurance and a couple other benefits.

I’m looking to house hack my first property and walked through a couple of properties that have a fair amount of square footage but only 3 bedrooms.