They can identify potential investment opportunities... not to mention all the tenant/landlord laws, eviction process, security deposits, accounting, end of year tax statements etc. lots of pitfalls to be avoided.wish you success in your ventures!

Creative financing options like seller financing or assuming a low-interest FHA loan can also help you secure better terms.

I guarantee you are more likely to secure favorable terms if the seller likes you and can imagine you as a great operator for the business.

I want this to be acceptable long term if I keep this method of financing. 

House hacking is the best tried-and-true method for new investors in my opinion.

Not likely.Maybe some of the tenant acquired their own washers and are using them for cleaning but your dryer for drying.Get a security camera and mount it in the area and post signs saying the same.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Many experienced mentors in this group can help guide you in the right direction.I highly recommend saving as much as possible and setting aside a hedge fund for financial security.

As I’m nearing retirement, I just invested a similar amount in first trust deeds secured by real estate at 9.75%.

This deal, i used my first successful buy and hold property and pulled a HELOC to secure financing and reserves.