While the intrinsic value of the real property initially seems like a safety net, the reality of the capital stack reveals the risk.

I am a 1031 investor and initially signed with them for Bennah Oaks to hopefully invest with my 1031.

But yes, that requires learning a lot and taking initiative.

https://www.slc.gov/planning/f...Forgot to include this in my initial response

The initial plan was to slowly rent out the spare rooms and renovate until a refinance/moving out and onto the next property made financial sense. 

Please do your OWN due diligence, and be wary of any company with the initials NW

My initial idea was 10-20% down with 7% interest rate for 10 or 15 years after doing research. 1 person suggested a balloon at the end and another person advised against it. 

This ensures the property is secured, heat or A/C is adjusted, all water is off, and they do an initial inspection to see what they are dealing with.

@Ashni Modilet's be very clear.you likely will NOT cash flow in the first year, or the first few years, unless you (1) buy something in PRISTINE condition, and (2) you put a substantial amount down.and think about it - the more you put down, the longer it takes to recoup that initial outlay before you actually cash flow.contrast that with a savings account. 

You are talking about well over $1 million in startup costs, not including furnishing and initial holding costs.