Investment Info:

Single-family residence buy & hold investment.

Purchase price: $49,000

Cash invested: $3,000

We purchased 5 acres with no deed restrictions or HOA and continue to build out renta...

It’s time for me to dig deep and get really creative if a no down payment deal even exists or is possible otherwise go that route. 

Few things off top of my head are: - Reviewing existing lease agreements          - Rent roll           - Tenant payment history, on-time payments?         

Real Estate Investing in the most heavily litigated area of law that exists.

I do not anticipate a complete gut job and rewire, but there is some potential existing above only one unit.

Sell the existing home and pay off the first $300k loan. 

Quote from @Scott Vaeth: A bird in the hand is worth two in the bush.I see so many new investors lose thousands (or tens of thousands) every year by making rookie mistakes with existing rentals.

Refinance Existing Loans- Lower Interest Rates: Since nine out of ten properties have commercial loans, consider refinancing to secure lower interest rates.

The majority of existing houses were built in the 1930s, contributing to the unique character of the neighborhood.

So, any small errors if they exist are likely caught then because we are all looking at the document and discussing each section.