Hey Everybody!
My wife and I are looking to turn our current primary home into our first rental property. Our lender told us that we have to have a tenant's first-month rent and security deposit before getting approv...

I have the 3.5% I need to obtain it, however, those funds are tied up in another asset that I cannot access for some time.

As long as you have access to a lot of capital to fund renovations, vacancy, and unexpected items, not to mention can handle the stress,  and trust me--t will be a lot, and it's a lot of stuff no one  (except BP!)

Purchase price: $266,000 Cash invested: $266,0004/2/2 Brick home located in Arlington that is looking at AT&T Stadium.

Maybe look at what their requirements are to obtain the loan.

In some locations, the seller must provide detailed disclosures on the condition of the property.A written statement from the property manager with specifics on the time and cost to evict a non-paying tenant.If you obtain all the above, buying turnkey or direct becomes a simple time vs. return decision.

Hi BP, I have been looking into purchasing an investment property in the Hollywood/Fort Lauderdale, FL area.Ideally looking for a small multi-fam which I can house hack, but also open to SFR’s as well, my main focus is on obtaining a property that produces a positive cash flow.Any general advice from those who have/are invested in the area?

I want to be aggressive taking some measured risks while we are young enough, but I do t want to be stupid.

.* (please note the asterisk)* - Since the paperwork is fraudulent, (I believe it should read "forged" since a fraudulently obtained deed or mortgage may, in some circumstances, be enforced) the house doesn’t legally belong to the con artists.Based on that I think even the FBI agrees with my post that nobody can lose title to their property through a forged deed. 

.), but feel I’m a little late to the game since it seems that everyone in the Tri-State area swarmed there starting last year.Ideally looking for a small multi-fam which I can house hack, but also open to SFR’s as well, my main focus is on obtaining a property that produces a positive cash flow.Was hoping if anyone could provide some insight into how this market is currently faringOr Any general advice from those who have/are invested in the areaOr Any recommendations for specific nearby neighborhoods to research deeper within my price range (approx. 250-300K)Thank you all!