The seller is willing to carry, which means, you just need to come in with 10% down.Hope that helped! 

SFH's can carry more risk as you can quickly lose 100% of your revenue if a tenant stops paying, but they also generally come with more tenant stability.

The prices, on the surface, but have to understand the total carrying costs are higher then most other states.

Add in $20,686 in carrying costs (10 months at $2,298), the all-in cost to date is $658,450.Phase 2 of the project is sub-divide the lot into three lots, and add new duplexes to each of the new lots.

The only nonrecourse loans out there are pure commercial, which carry a higher rate than DSCR. 

As with any investment PML does carry risk, so investors must weigh their own personal goals and risk appetites against the returns.Long term (after that career of investing you mentioned) I see myself going more heavily into the PML/ LP route.

Consulting with an estate attorney who understands real estate investment structures can help ensure that your wishes are carried out efficiently.It sounds like you’re on the right track in terms of growing your portfolio, and refinancing into a DSCR loan under your LLC could be a smart move.

The second home transaction would require 10% down, carry a higher rate, and you can NOT use rental income to qualify.

If you own your washers and dryers you will probably make some decent money but get ready when something breaks and the tenants want it fixed right away.If you are priced lower than the local laundromat (which most are for some reason) your tenants not only have to carry all their stuff to the Laundromat but will have to spend more money and may want you to cover it.Also a Service Tech will probably charge $100 to show up plus parts. 

If so, a lot of that can come down to how he carries himself - something that can't always be taught.