That way, sons pay for the down payment, make the payments, parents are the residents, and sons acquire ownership in the future.

I'm approximating that I would be able to acquire my goal of 10 rentals by year 10.  

Since you acquired the property with tenants, I'm assuming you gave your tenants an incentive to leave before starting renovations unless they were month to month... because it's extremely difficult to renovate a property if the tenants have a lease and won't leave.  

I have talked to many contractors at REI events that have been able to acquire hard money and will take deals all day just to stay busy. 

Hi, just wondering what type of properties two recent college grads, with about 40K in saved money can invest in (in terms of rental/student housing), in order to start acquiring properties while also working at our full time jobs.

Honestly, I probably would've used a HML for the first 3 and refi'd those vs. the way I acquired them traditionally with 25% down.

I forgot to mention that i plan on acquiring my first investment in about a year from now.

I suggest you to be properly acquire instructions and knowledge of the 'legal' ways to be involved.

Hello all, I am currently in the process of acquiring my first 2 rental homes.

If you acquire a property, from a Wholesaler, once the property is rehabbed and ready for the Retail Market, allow the Realtor that provided you the zip codes, to list the property for sale.