No LLC is required and there is not a specific verification process.

You could probably afford $20,000 without much impact on your budget.

Additionally, the latest trend in new construction involves building properties specifically to rent.

Dedicate these funds specifically for your down payment, and you’ll reach your goal faster than you think.

Everyone has been scared the crazy state was never going to put a budget together and eventually the schools were going to have to shut down because they had no money coming in.So this may very well be a good time to buy as some landlords in college towns may have seen a decrease in vacancy and might be spooked. 

What was your budget for the cosmetic updates and did you stay within it?

Just understand that the cabinets have a big impact on your budget as well as how your kitchen looks.

I wanted to start this post to ask others about how they source new deals for multifamily properties and single-family homes, specifically in the southeast.

I'm in Atlanta, GA which gives me fewer options with that budget unless I go with condos with HOA's that allow rentals, or venture out to towns outside of Atlanta like Macon, GA, Athens, Lagrange etc...

If they are intending to buy another property, they may NOT be able to consider seller financing.If they are in a position to consider seller financing, you have to mention the benefits to them specifically and that varies from person to person.It is a learned process.