They have utilized a number of financing approaches including: Minnesota Housing Finance Agency Tax Credits, Conventional, Grants through Duluth Economic Development Authority (DEDA), Duluth Housing & Redevelopment Authority (HRA) Assistance.Sharon Brown with Duluth's Life Safety office is a great resource as well when dealing with blighted properties.

Our debt include only our primary, the duplex, and credit card $3,175.91+$7,317.49+$2,000=$12,493.

Now I'm on to the next step: covering the tax bill from my side gig, saving, and repairing my credit.

@Johnny McKeon I think I would need to know more about your deal specifics - If I were working with you, I'd want to know what is your credit?

The community leader, Josh Roosen, really goes out of his way to make you feel connected.And that's the real value of the group at the end of the day: They are committed to your success.A little about my track-record, since joining the group last year I've done:1) acquired 80 units ($7mm in assets) across 2 syndications and 1 joint venture2) Launched a podcast (Multifamily Investing Made Simple)3) Will be publishing a book (Passive Investing Made Simple) in June. 

Will having that home on our credit negate us from being able to seek additional loans for other properties? 

For example, are you using the lease agreement features, or using it to collect and schedule payments or just to track your portfolio?

Only asked that since you mentioned out of state.If so, credit score 700 plus, you will be 20% down on 1 to 4 unit purchases on the DSCR side.

Plus reducing capital gains You want the seller to extend multi-year credit for tens of thousands of dollars to someone whom professional lenders won't touch.

A cash-out refinance can reduce your credit utilization and improve your credit score.