From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

Eliminate debt, establish a budget, and save.

@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.

If you're a good student and can get into a good college without going very deep into debt, I believe you should go.

Partnering with private equity firms or debt funds provides access to capital in exchange for structured investment opportunities.- Revolving Credit & Liquidity Management:Instead of taking out separate loans for each property, consider portfolio financing and cross-collateralization strategies to streamline funding and improve cash flow.- Creative Financing Solutions:Options like subject-to deals, seller financing, and syndications can lower capital requirements and increase your purchasing power while providing flexibility for properties with complex financial situations.4.

could it service the debt on $1m?

Analyze properties by looking at gross rental income, operating expenses, and the debt service coverage ratio (DSCR above 1.25 for rentals).

That's before you pay any debt service.To answer your question: No, it's generally not a good idea to lose a bunch of money every month.

For context its mainly retirement communities around 2 hours either way from Las Vegas and Phoenix.

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value.