Hi.I am getting another multi family in forth worth And have no experience on the west side of that areaAll my rentals are in dallas Any idea how is the market in fw?

Does anyone have some creative ideas on how I can break into the market?

Not a bad idea but if the deal goes bad just remember you are taking money from your primary residence. 

I'm curious about number 4-could you expand on the idea there?

@Drew Sygit Trying to understand paying bank this loan rate is good idea or payoff principal early is a good idea.

Please let me know your thoughts and please poke holes in this idea!

Feel free to reach out if you have questions or want to brainstorm ideas!

Based on how they respond you have an idea of what they are willing to do and you can now go and find that property.  

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process.