There’s not a huge cash flow, but it enables me to take what I would have otherwise paid out-of-pocket and save it towards a down payment for my next property.

I go into my business plan knowing there will be pets, I tenant proof all of my units, with tile in all wet areas, and waterproof vinyl in living areas.

Renting out the other 3 units while I renovated a unit allowed me to break even monthly during each of the two renovations. 1 of the units tested positive for meth when I was buying it enabling me to get a big discount and during due diligence I confirmed with a reputable company that it would be cost just $4,000 to completely remediate the methHolding it for two years allowed me to see a lot of appreciation & get the lower capital gains tax rate What made you interested in investing in this type of deal?

I have 50% and borrowing the other $45,500.I've procured the deal and will be managing the rehab.

Yes, it is a real possibility that COVID-19 is not as deadly as once believed, but if the outcomes are tragic and a larger drain on our healthcare and economic systems in general then this remains a public health issue to be solved.The best course of action right now is everyone can write their governor and mayor and request their state/city procure this test and in large numbers (and yes, the test already exists).Regardless of how we open the country, how we function and how we do business will fundamentally change. 

The second thing that has been reinforced during this period is that it is good to have extra cash laying around to be able to procure needs (for example, I'm from a state that is heavier on the restrictions). 

This does two things: 1) Triggers your mortgage company to procure very expensive lender-placed coverage on the property, and 2) Raises a red flag about the title transfer. 

Hey @Andrew Neaville & @Jaey Dallas - If you guys are starting out, instead of only procuring existing notes, you may want to explore the option of originating your own notes.

I’m young-ish (26) and extremely motivated to get started in real estate investing.Throughout the last year or so, I’ve been doing a lot of research, (books, podcasts, YouTube) along with meeting face to face with several enlisted members with real estate experience, all in the name of procuring as much knowledge as possible before diving in head first to our first property.

Margaret,I'm not a lawyer so I can't comment on the legality of procuring a primary loan and using it as an investment property, but I can tell you my family and I did something very similar to good effect.We have owned my current home for five years and needed an upgrade in size.