For path #2, you mean purchase & renovate a 3-5 unit building right?

It's not a bad strategy, especially if you live in a lower-priced area with a good rent-to-purchase price ratio.

Congratulations on your first purchase.

@Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

I've purchased about 10 properties for myself and have always use my own broker.

Want to acquire a self-car wash within Dallas Texas area. Was wondering if anyone knows a guy/girl that can't help me acquire sed property off market for a better price. Any information would be appreciated. 

We have an offer for someone to purchase our property via Subject To. 

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.