I used to live in Bellevue, when I started investing in Cleveland area, I also went for BRRRR, I was a newbie, and it was hard to pull off.

I hate the idea of losing over $60k (took HELOC from my paid-off primary) in which I'm paying for each month, but I'm terrified of all these expenses completely draining me.

--I would agree that this market has opportunities for seller finance as a record number of properties in the US are paid off. 

Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

I am from Iowa so our goal would be to use it in the winter months (dec,jan,fab) and try and break even off the income from the remaining months. 

Hey all my name is Laurence I’m a brand new member of np I  live in Orlando fl I’ve listened to about 100 episodes of the podcast I have zero real estate experience I’m looking to buy my first property to house hack this year I have a decent amount of money in the savings account I could use for a down payment also have a good credit score I don’t have a high monthly income unfortunately but just looking for any advice or tips or friends to bounce ideas off I’m debating which market would be better between the central Florida area or the Tampa area I also would love to get involved in flips at some point 

Ideally, I would like to buy a 2-4 unit, but I'm not closed off to a single family and renting out the rooms.Any advice would be greatly appreciated!

You cannot calculate rent by subtracting off the rent of the ADU.  

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow. 

I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.