Of course, that could be offset as he works to reduce inflation.

And the big ones are: firepit lit after dark, a kitchen with fancy appliances, and of course, the amazing views if you have them.

No worries, it's all in the normal course of REI.

If the applicant comes from the pool of people that I or my tenants know, I use real estate as a way to give back as many of my tenants will not qualify credit wise or may even have a criminal background or would struggle for another reason if I were to just stick to the "background/credit check" criteria. 

Ask for a line of credit.  

• Is this a better strategy than using your own name, capital and credit to start out?

Use gap funding (credit lines, partners) for the down payment.

So no, tis is a horrible deal for you.Now of course I know nothing about your property (since you provided so little detail) so if this is a huge 5 BR house with pool on a lake somewhere, then you need to adjust my numbers.

Of course Kim!

These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.