Wayne Brooks I agree that this landlord made a bad choice in choosing tenants.

The National Association of Residential Property Managers.Here is a list of questions to help you narrow down your choices.  

Consider many options before making your final choice. 

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I thought there was a seasoning requirement of 6 to 12 months.In other words, be able to refinance cash out (since it was purchased in cash) 6-12 months after purchasing.And fyi I think you picked the best choice... going with 70% LTV so you have more cash on hand to continue investing.

What you are describing are really three choices. 1& 2 are both passive investments. 

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)After becoming more knowledgeable and confident take action to snag your first real estate investment deal.Here are some solid tips before buying your 1st investment propertyhttps://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/Don't get caught up in analysis paralysis.Take calculated risks if needed and you shall be rewarded!"

Success is a process, failure is a choice

Success is a process, failure is a choice

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