JScott's advice is exactly what I would also say as well.

If it a carpet and paint flip then it would be safe to say a hard money loan may suit.

Just to answer with my opinion, I'd say a on elevel 6 unit building no older than about 15 or so years, in a good condition in a good location with tenants in place would be the best for a newbie for at least a year.

My education, or rather, what I believe to be true, can be summed up as follows: Single family homes are great because they tend to appreciate on a supply-demand scale, and if bought in good neighborhoods, you can have a tenant long term who will take much more pride in the condition of the unit than, say, a typical renter in a four unit.

It is going to be very tough to get say a $2000 deposit for a property that rents for $1000.

@Christopher Phillips You couldn't be more wrong@Chris LeBuy it, move in and rent out all 10 rooms (legally) since it's owner occupied and the city/boro/town can't touch you.I would say a net $4k increase per month in disposable income instead of renting would be a "path to riches"

As far as about me...I was a super. for Pulte homes for 10 years and about two years ago I saw what was coming and my wife and I started educating our selfs,which I am happy to say as scary as it was both my wife and I were able to quite work 3 month ago and invest full time.Again thanks for the welcome

I didn't say a word during this meeting, although I had been on the phone with them all week setting it all up.

Box 2: Expenses:- Taxes: 216/mo (2594/12)- Insurance .5-1% of standard loan so lets say a 20% down loan would make the loan of this house 138k and .5-1% of that is 690-1,380 per year or $57.5-115 per month.- Utilities: utilities are an interesting thing to me because everywhere I look it is assumed that the tenant is paying these but shouldn't one still have an estimate of what water, heat, electricity will average out to especially in the case of a house hack?

This was an easy case to argue because the fallen limbs were a big problem and thankfully, my owner realized that.All of that to say, as long as the tree is not sick or already dead, the tree at our property seems to be a non-issue for you.