I was able to raise the rent by 20 percent Lessons learned?

One thing that bothers me is that they won’t do a “float down” unless it’s a whole percent, but other lenders allow it one time.

Open an Ally Bank savings account or Capital one 360, they have 2 percent on savings and your money isn't tied up. 

I am in my fifties and have some $$ available in an IRA. 

Only half of a percent in repairs?

I’ve plugged in all the numbers conservatively and I’m looking at a 16-17 percent cap rate and 12-13 percent cash on cash return.

As the likely lead investor and the finder of the deal I would want a better return than what is being offered. (8 percent preferred return) After all if I wanted to invest more in a normal fund I would have already done so.

However, when you buy your second property with the heloc as a down payment, wouldn't you be essentially be taking on 100 percent debt for this second home since the 20 percent heloc is a loan and the remain 80 percent would be the second mortgage?

Anyone who has gone to college has gained a life time of memories, which is worth the price of admission by itself.

It will be a different deal when you move out though, so you can take that into some consideration.Here's the cheapest triplex on the market in Sacramento:4961 Mascot Ave, Sacramento, CA 95820 - $325k"Affordable investment opportunity with the ability to hit the one percent rule with a little elbow grease.