It's not ideal and I'd avoid it if you can, but it's better than self sacrificing on YOUR own investment business riding around with cousin Suzy looking at bad deals she thinks are great because she doesn't know the business.

Ideally, they have experience working with seller financing.

They paid in cash for rent as well as utilities and there were no issues.You can also set it to auto-fill the monthly rent charges on the ledger, or other recurring charges, for all tenants regardless of how they pay.

Problem is I don't have the 20% cash right; most of these duplexes in my area (I'm in CT) in a decent town that I would consider are between $250k and up West Hartford would be ideal for me but there they are much higher.  

Ideally, I'll have some living expenses saved, and can try to survive that tough first year as an agent.  

It may not be ideal, but it would be the only way I could reach my client without using a very expensive skip tracer.

The repair budget should solely be used for the monthly expenses related to upkeep and maintenance of the properties and the lot itself, ideally the roof is covered in your CapEx expenses which leads to my next point. 

@Jc Law although this is obviously not the ideal situation, it isn't necessarily bad either.

@Aimee Tarte If you are using lending wisely, you might see a slight dip, but overall with a good payment history, your score ideally should go up!  

And a high cap rate could be a home run if you are buying it off market which is the ideal scenario you want to buy in.There is no right or wrong answer.