No business succeeded by drilling many holes.

How did you add value to the deal?

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

Quote from @Anne Christensen: Unless you have a ton of equity, I wouldn't bother with a legal structure that adds complexity and cost.The odds of you being sued are about the same as being struck by lightning twice.

Every month, property 2 has been paying most of the mortgage on that Property 1 home equity loan.

Lots of opportunity to find mismanaged multis as well where the older mom and pop landlord has rents way below market and can come in and increase NOI just by getting units up to market rent and maybe doing some cosmetic rehabs as tenants move out.Value add multi is what I prefer and think works best here but that's with me being here boots on the ground and being more active with it.

-- How many and which websites is it on overall?

Second home loan , conventional How did you add value to the deal?

Ghita, congratulation's on finding such a great deal on the MLS!

It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).