There success inspired me to look at RE as both a short term and long term investment.Turns out there are many successful investors in this area.

Or you can go a DSCR route (sometimes with no seasoning) but the terms suck.

Im not a fan of seller financing unless that property is free and clear and the seller is offering reasonable terms NOT on money they have borrowed. just too many people get into this type of thing without understanding the whole picture, like title being moved into the buyer's name, due on sale clauses... etc. etc. also, just because its a very commonly overlooked guideline which makes financing on 3's and 4's a little challenging: FHA requires the property to self-sustain its own PITIMI by the rents.

I don't use padsplit (weekly rentals); I rent on long-term leases in B Class neighborhoods.

Now, I’m back and excited to start growing my portfolio for long-term investment.

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

I would suggest you also research the zoning code so there is an additional upside long term.   

My goal is long term to get to 10 properties. 

When you buy it you can get better rates and terms since it is an owner occupy.

Below, I outline several incidents that demonstrate the importance of vigilance in this industry.Incident 1: Noble Capital LoansNoble Capital Loans presented itself as a Georgia-based corporation with favorable loan terms.