The initial effect on mortgage rates was a subtle increase in long term bond yields, however in comparison to earlier this summer residential and commercial mortgage rates are down considerably.For example commercial lenders were in the 7%++ range just a few months ago, and recently are as low as 5.5%-6% and falling.

For your first real estate deal, getting all owner financing is a nice relatively low risk way to get started.

Even a 200K home (fairly low dollar in the FL market) requires a 40K down payment which is tough to come up with without a hard money loan/HELOC combined with a conventional loan which would then be tough to make any cash flow.

Being out of state, you will learn all but bad things of the process and make you think if you made the right decision.You have to start low and close, meaning trying to house Jack locally is the best.An FHA loan requires you to live in the property.

As long as they are going to occupy one of the units, you can get a very low money down option for loan if you are co-signing.I have a 22 and 21 year old so I understand this.

Given our higher insurance costs (usually 0.7% to 1.0% of purchase price as a rough guide -$291/mo on low end) and property taxes (typically between 0.5% and 0.7% of purchase price as a rough estimate -$208/mo on low end) that leaves only $1489 for Principle and Interest.

Not sure if there is a better low-risk investment strategy that is damn near guaranteed to create meaningful wealth. 

I have seen multiple properties with low asking prices and sufficient rental income to cover the note.

So I am doing my due diligence and running a bunch of Wholesaling Calculator reports to decide on my maximum allowable offer ($53,260) in order to get my desired return ($10,000) and the flippers ($30,000). So for exa...

", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.