If your agent allows you to do things that way, they don't know what they are doing.

Do not forget to prepare the balance sheet, track distributions etc.

This allows you to participate from the comfort of your own home while still networking and learning.

In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead). 

How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?

We allow pets and the large yard is fully fenced, plus a small park 1 block away.

They have to allow them in to inspect to make sure things are copacetic.

@Rene Hosman As a property manager with 20 years experience and a portfolio of 1,000+ single family homes, I can say concessions like reduced rent rarely work well for smaller landlords.

https://nationalmortgageprofessional.com/news/study-reveals-....Not sure BP will allow that link to post, if not just google " 10000 saved using a broker vs direct lender" and you can find the article.On the flip side, there are some banks and credit unions that could offer products that they do not allow to be brokered.

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.