Please feel free to reach out if you have any additional questions. 

We also have HELOC's and HELOAN's on investment properties as well, even using bank statements as income, if self employed too.If you'd like to explore your best options, let's talk for a few minutes to determine the best rate and payment strategies.ThanksCraig

You can get your real estate license, enabling you to sell on the side for additional income.

1 Bed 1 ba condos can be difficult at times, making the design as unique as possible such as adding accent walls or expensive finishes throughout the home that matches your towns aesthetic/niche are valuable additions to smaller homes where you can't usually add a pool table or other amenities you would find normally in a house. 

That is an additional driver not listed in the above two price targets which could drive the price even higher. 

My sister and I are not opposed to some sort of buy in as well, as it would likely help my father clear up some debts, and would just be nice to help him realize some sort of lump sum gain, in addition to what would likely be a share of monthly rental income.We are looking at setting up a trust to accomplish all of this, but are just at the beginning of this journey. 

In addition to organized bookkeeping, Buildium provided other benefits that accounting only softwares do not, such as lease renewals with esignatures, maintenance requests, a tenant portal for rent collection, 1099 preparation for vendors. 

I gained one additional renter, adding $800 more monthly rent income, and we build approx $40-$50K of equity.

Depending on your business you also want to keep in mind that some of those funds you take out of that business might need to be used for taxes as self-employment taxes typically don't go away by investing in real estate.

Additionally, placing the property in an LLC doesn't guarantee privacy for tenants, as they can still access public tax records and potentially trace ownership back to you.