It is also a low-risk way to learn all the principles of real estate investing with very limited risk, gain experience with evaluating, buying, repairing, renting and managing a property.

But.......I just don't like the whole principle of the thing.

If a person throws out a retail price that they expect on their home and they want it in cash then we try to overcome that objection over the phone. 

@Ryan KleinTo attain a $3000 monthly cash flow objective in five years, begin with home hacking, then employ financing choices like as refinancing, DSCR loans, and BRRRR techniques.

Mount a simple noise monitor that provides objective monitoring of levels.

If that's the case, I'd highly reccomend that you come up with objective screening criteria that every tenant must meet, no exceptions.

Reason for this is that our 40% partner who leads the group purchasing the property accepted a SUBORDINATED note for his interest in order to put the deal together.Bottom line is this, by utilizing a number of CREATIVE real estate principles, financing, deal making, etc. we have increased our wealth by anywhere from $235,000 to $635,000 over what we would have had accepting a cash sale.  

Like sharks.The second there is a new shiny object ALL of them have their new products out making OUTLANDISH claims of what that shiny object can do.READ MY LIPS, EVERYONE.AI CAN'T TARGET MOTIVATED SELLERS!!!

@Nick M.We have been through that situation several times.It depends on your objectives with the property, but my first thought for you is - “are you sure you want them to leave?”

@V.G JasonI think a lot of the principles of FIRE are good.