Hey @Jake AndronicoI know you specialize in Reno but since it’s close I thought I’d ask. 

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

My plan for this year is improve my credit, get my real estate license (to increase my income on top of my W-2), possibly career transition into the property management space (to learn more), and save as much as possible and learn as much as I can.I’d love to house hack close to home but my area is so expensive it seems like it’d be close to impossible. 

Perhaps the most consequential transaction involving creative financing solutions was a recent closing for a 20+ unit apartment complex in downtown Eugene. 

If you close with a conventional loan, it will need to be in your personal name.

The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base.

In my opinion (I'm definitely bias now, but invested here long before becoming an agent) people are still sleeping on the area with the proximity to Northern CA. 

Quote from @Duarte Marques: Hey BP community, I'm new to real estate investing and have been studying (reading books, watching webinars, constructing excel cash flow models,...) close to a year.

My answer, yes I currently am buying a $165,000 property in Phoenix (not listed on the MLS) using one of my methods to find, using only $5,871 plus closing costs of my money.

I'm only at 3 rentals and just 1 tenant can make or break you trying to be a PM while also working a w-2, I've already come close.