Get that low down payment and he can start building credit.

Example: replacing the bathroom vanity.My question: If I were to take pictures and a video of the thing needing repair and show it to someone at Home Depot or Lowes, would they be able to guide me on what to buy and what to do?

What is the LOW HANGING FRUIT for things I can do that comparable properties may not have?

.- Buy a multi-family home - I've seen some for as low as $250k, but I'm sure there will be different deals by the time I'm ready to pull the trigger.- Take out an FHA loan for 3.5%.

A DSCR cash out refinance at a low LTV is going to be your best bet.Happy to connect!

@William Coet, to add to Brian's comments:Banks, partly due to the regulations they are subject to, tend to fall low on the risk spectrum.  

HI Vincent,Correct DSCR is only applicable towards investment properties and you need to own at least one property in order to look into DSCR.You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Other options involve you getting stuck with his low basis and owing lots of taxes or him paying a lot of taxes.

People assumed California would be the worst-performing state because the baseline level of affordability was so low.

Here are some key highlights:Massive Construction Boom: With a staggering 280.8 megawatts (MW) under construction by year-end, Hillsboro’s data center inventory is poised to more than double, according to a report just issued by CBRE.Rising Prices and Low Vacancy: Average asking prices climbed to $147.5 per kW/month, reflecting increased demand.