For me it is.Sure, if I went conventional and put 20% down at 4.5%, it would look amazing.But that wasn’t an option for me at the current time.I will have more deals in the future where I can go that route.For now, this gets me in the game, builds a relationship with a commercial lender, gives me experience, and puts a few hundred dollars a month in my pocket, while having none of my own money in the deal.I’m damn proud of myself, because I passed on other deals that I knew would work, but not in the way that I wanted in the present.I needed to pull all of my money out, and I succeeded.Looking forward to placing tenants and get the place producing.

However, on the last two turnovers I have had, I had many prospective tenants not like the fact that they did not meet me at the showing.

im a new up and coming investor who lives in the bay area 28 years old i have been studying for almost a year now and im very eager to partner up and make some deals feel free to contact me at

So would a lender.The big question though is, if I bought the place then hired someone to both reposition AND manage the place, would there be any "meat left on the bone" to be profitable?

They're not exactly illegal, but you subject yourself to steep fines if not done precisely according to the fine print in the law.After reading the fine print, I decided it wasn't worth it for me...at least not in TX.I like and use ARC Law firm in Colleyville.  

This post is the type of information I am looking for and though it may be basic for experience investors, it is Gold for me at this time in my life.  

The smaller down payment would be extremely beneficial to me at this point in my life.

They actually declined me at first, but I received a call the next day saying that they could do it.

I'm not particularly thrilled about the idea of buying a multi-family property and living in one of the units, but it seems like the most (fiscally) prudent decision for me, at least right now, as I only have enough for a down payment on one property.

I was able to lock in at 3.5% (since I am living in the home) and feel that it was the best for me at this time.