The seller is willing to carry, which means, you just need to come in with 10% down.Hope that helped! 

In some cases, folks recognize losses that they can carry forward to offset future gains.

SFH's can carry more risk as you can quickly lose 100% of your revenue if a tenant stops paying, but they also generally come with more tenant stability.

Quote from @Billy Smith: Having all or most of your rentals paid off is a great feeling with the cash flow rolling in .You know have a bigger shovel to buy more properties , folks get the fever want more more dam the debt full speed ahead .I read a lot saying what  is the rate of the  note ,you could deploy the money in  ,gold ,stocks etc....With just a couple rentals paid off in A -B area I put my kids though Division 1 state college.  

When I closed on my first duplex in Harrisburg, Pennsylvania in August 2017, "the 2% Rule" was the gold standard for determining whether a property would cash flow.  

The prices, on the surface, but have to understand the total carrying costs are higher then most other states.

Add in $20,686 in carrying costs (10 months at $2,298), the all-in cost to date is $658,450.Phase 2 of the project is sub-divide the lot into three lots, and add new duplexes to each of the new lots.

The only nonrecourse loans out there are pure commercial, which carry a higher rate than DSCR. 

Consulting with an estate attorney who understands real estate investment structures can help ensure that your wishes are carried out efficiently.It sounds like you’re on the right track in terms of growing your portfolio, and refinancing into a DSCR loan under your LLC could be a smart move.

The second home transaction would require 10% down, carry a higher rate, and you can NOT use rental income to qualify.