I certainly don't agree with a Landlord change their fee structure during a disaster so they can continue keeping their wallet fat while their client suffers.

Cheapest house I've bought is $182K, so it can't be the commissions are not fat enough.

A few of them had no way of paying me anyway until they received their fat checks from the government so what you're saying makes no sense.If you have to charge a late fee to keep your business afloat or to teach your tenants a lesson I think you're in a crappy business.

Put laundromat on back burner for next year after apartment is stabilize open a HELOC on my primary residence and use combination with cash to purchase first small apartmentExit strategy use rent to pay HELOC monthly payments and then after 12 months refi property and pay off remaining balance of HELOCFEARS:1)When I open HELOC and pay for part of apartment what if I over leverage my HELOC.

He is a bit fat and sweet and eats everything he can, but when it's time for the claws you had better steer clear and fast.

So I had to switch tax pros this year, my last one passed away a couple of years ago and I mistakenly let things sit on the back burner too long.

For your entertainment, the first deal structure600,0005% down 30k, 2k for 36 mths=72k, balloon payment of 540,000 in year 372k=5% 30k towards 10% downpayment with the remaining 42K as financing fee to seller for holding the note for 3yrsyes I know it looks like a drawing with fat crayons by a 2 year old/unfortunately you don't know what you don't know!!

And while I recognize taking a cash flow hit right out of the gate is not a fun thought, a vacation rental should cash flow well enough that you're at least breaking even in a downturn, and have enough margin that the fat times get you through the slim times with no problem.  

Stay healthy, stay away from bad people.Some ideas to find the deals:walk/drive neighborhoods, look for neglected propertiesadvertise, newspapers, radio, pass out flyersWrite a nice letter to landlordsWhen housing court starts up again, meet landlords there - chatCall and visit owners of Expired Listings - make offersBuild a relationship with a few Realtors, offer to pay them a fee (3-5% of purchase price for unlisted buildings) for presenting your offers to FSBO's and expired listings (auto pilot investing) The purpose behind this is to open negotiations with sellers, I always offer well below their asking price BUT IN WRITING hand delivered by an agent (you save time, cost of gas and you increase the odds of finding a fat equity deal)Study Real Estate Control techniques; delayed settlement, assignment clauses, all types of options, hybrid or JV with sellers, repair consideration with possession (known as front porch offers) use one of the 21 proposals for seller financing (the best highest leverage financing you can get)My LOCK-DOWN has proven to be profitable, I have time to network and develop clients nationwide to mentor/partner transactions.

I have a few projects on the back burner that I for sure would love to get done and for sure would be able to with the extra funds.