While the townhome is in good shape overall, it does need some mild cosmetic updates to bring it up to rental standards.My goal is to leverage this property to start building a real estate portfolio, but I’m not sure what the best first step is.

It has an awesome job market, which is bringing in a lot of new residents, and that keeps the demand for housing up.

If you are considering buying using Subject To - Subto, it's important to know what your exit strategy is.Talk to a mortgage broker (not a bank) and ask if that is a property you will be able to get financing on in the event you have to refinance quickly, because the Due On Sale clause was called.AndTalk to a real estate agent about how much you would have to bring to closing in the event you had to sell quickly.

Yes, you bring home more each month but when you compare the amount you bring home versus how much you had to put in, the returns are typically significantly lower on your money when you pay all cash.

Thanks John for bringing that to my attention- creative financing.

The property itself should bring in revenue ( even if you choose not to live in one side) and generally a bank will accept a portion of that rental income into the calculation. 

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.  

That way someone bringing a service dog, which is not considered a pet, will have fair warning of the danger. 

This is like the episode of MASH where Klinger brings Colonel Blake a letter from his Mom saying his father is dying.

Making big investment decisions can bring reservations- I would love to connect and review strategies!