FSBO is very possible in hot markets.. if you already have buyers lined up.. in markets that are not hot your going to get deluged by investors looking to low ball..

It’s impressive that you managed to keep your monthly expenses relatively low while securing a strong rent of $4,500.Your background as a Realtor and the benefits you leveraged as a veteran clearly gave you an edge.

With HML at least you in theory can vet the property and keep a low LTV to ensure you can be made whole.

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.

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

@Levi Perl Since your single-member LLC (SMLLC) is a disregarded entity, all rental income or losses are reported directly on your personal tax return rather than at the LLC level.

I put roughly 20% down on a $200k home, and am curious what steps I could take to possibly turn my original investment into a large portfolio within the next 10 years, when we're currently "low on liquid funds" after finishing up a wedding.... 

At that price point and level of rehab, are you targeting Section 8 properties in Birmingham?

If you plan to keep your current home as a rental, a home equity loan or HELOC could help fund your new home’s remodel while keeping your low mortgage rate.

I've been previously working on acquiring single-family units via the house hacking method but this year, I'm shifting gears to take my goals to the next level.