Also helping was a relationship with that bank (deposit accounts) and good credit. 

im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).

Focus on rebuilding your credit, saving for a down payment, and learning the local market.

I don't think he would allow someone that had to put the fee on a credit card.

@Travis Gutting Open a prop stream account, fund it with some skiptracing credits and go to work!

I'm not an loan officer, but I know some banks locally like ORNL Credit Union have offered a 0% down conventional loan product.

While I do not have an official W-2 currently, I do have a steady income, great credit, and have money saved as well from working since I was 13 years old.I relate to Ian Kay in his journey but also am very determined to make my goals/dreams a reality this year by July 2025.

The rise in home equity over the years can be credited to two key factors:1.

Another option could be a home equity line of credit (HELOC) if you have enough equity in your primary or second home.