Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

The late night television scenario of buying a $1,000 tax lien on a million dollar property and foreclosing is never going to happen.

@Ned Carey Too many mainstream press articles about "income properties", a growth in the number of flip shows on television and, yes, folks who wouldn't know a stacked townhouse from a duplex talking about real estate .... it's why we haven't been buying much up here for the past 18 months.I would like someone to just pull the rug and get on with it .... we're ready :-)

I have consulted with companies that have assigned contracts (specifically, telecom companies assigning to another company their contracts to provide cable television to certain municipalities.)  

We don't allow anything attached to the house and do not allow any cable television to be drilled through walls.

It would be nice to point guests to fitness options within walking distance.One amenity that has disappeared in recent years that we miss when not in hotels is network television.

We also rent our rooms furnished; include a cleaning service for the common areas; provide Internet and television; and handle all the lawn care and snow removal.   

v=WmmiwHw8bNg"US President Barack Obama on Friday blamed headline-hungry television networks for enflaming an ugly backlash by foes of his top priority effort to offer health care to all Americans.""

What do you think of mlms, I was introduced to a brand new company that is going Nationwide and was recently televised on Oprah this season.

Renters are more Savvy television has whet the appetite of many to want more for their buck.I am glad to see others doing more for their tenants.I agree the extras woo a better even keeled tenant. and the peace of mind is worth the few extra bucks.and for you number crunchers the RoI is practially the same give or take a month or two.