Jade,  what's the median price for a duplex,  triplex or four-plex thereI may have to start looking for a property there,  (After tax season,  I don't have the time right now)

Install landscaping that super low maintenance and reduces water usage and looks nice.

That mean the upfront costs could be up to the low 6 figures. 

If I remember correctly, there is a provision for properties with Fannie and Freddie loans to be moved to single-member LLCs after 12 months of seasoning if the only member of the LLC is the owner/borrower on the loan. 

You can go as low as 10% down and there are programs that allows this for first timers with good credit.3.

One can do well with low price high risk but max leverage and thinking our going to sit in your barcolounger while you let your tenants pay for your retirement is not reality unless you live there and work it basically daily.. 

The rents are pretty low in the area but so are the prices.

This is pretty clean.Scenario 2:  Your partner has owned the house for 15 years and has been taking accelerated depreciation, so the book value of the house is very low. 

Idle money is the quickest path to low returns and does no good for anyone.

Learned about his children, learned about the 60 units of apartments he owns and how he manages to keep the expenses low.