You have uttered the words that act like a whistle for the Pied Piper so I will get out ahead of it.

Why do you feel like you need someone to hold your hand? 

My thought is if you have $40,000 invest it in a project....not mentoring. 

The location really caught our eye—close to Uptown Charlotte, which is always a hot area.

@Sam Sarno Are you looking at multifamily or single family home?

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

I will be blunt and tell you that it sounds like your approach is a bit naive.

Thank you for the informative responses!

You are going to learn a ton from it and also learn about things you do and don't like.

The negatives are what you will read in the articles.