Don't forget, not only family and friends but anyone you already know and then anyone you meet subsequently.

But if you can manage it or have someone you can trust manage it, I think it's a good way to get cash flow from day 1 (at least on my properties), and enough extra to cover the risks you might face in these neighborhoods. ...if you keep your eye on them and don't let the tenants or the scene slide out of control..

@Brandon Turner No, I haven't used any of the methods you mentioned.However, I was creative while purchasing my 1st home and all subsequent homes after that.

Subsequently, you can process a solo 401k loan.

Subsequent placements cost one month rent, just like any other RE agent or PM company would charge.

Knocking on our door at crazy hours, threatening to sue, wanting to cut down trees to fit their 3-slide out RVs (ridiculous), and some probably had some sort of pathological disorders.

When you purchase a property, you purchase all components as a whole (Revenue Ruling 66-111, 1966-1 C.B. 46 (subsequently modified by Revenue Ruling 73-410, 1973-2 C.B. 53)).

The only downside is that someone (you) would have to check them monthly and on a regular basis to calculate usage and then reconcile that against the master meter bill, then subsequently print a statement with rent + water for the tenant to settle up each month.Good luck!

I'll see how much they bark on subsequent visits.

She was supposed to pay her pro rated Jan rent today (tho it was due the 1st but with the holiday I let it slide.)