I will be here for 6 months to a year and looking to continue hands on support/experience.I am a construction manager and have a lot of background in contractor management, site scheduling, and quality control.

As of today, we owe a little over $149k at 3.375% with payments of $1642/month so there's equity to pull from.

This took under two months to get rent ready and should cashflow about $500+ each month.

My half of the monthly rent is around $1300 with utilities.

This will give you a baseline of how much you spend per month.

EBR housing allows around $1,300/month for 3 bedrooms.

Use a bridge lender that is okay with gift funds or Gap funding, then refinance at 3-6 months once it is fully ‘seasoned’ 

  $1mil in Frisco probably gets you $5000/month in rent. 

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

I actually ended up going through a big career change, and attended a 6-month bootcamp to learn Software Development after 7 years cooking professionally in fine-dining kitchens.