Also with using little money down with not a big monthly payment?

We are hoping to make our first purchase within the next 6 months.  

Hey Scott, what I meant was hit $6000 per month to hit my initial goal of leaving my current job.

. - Will provide receipt for first and last months rent.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Separately, there are tons of older extended stay hotels in all the major growth cities with people living in them paying (fairly high) monthly rates due to convenience or lack of qualification for typical rentals.

I'd appreciate your insights on balancing the trade-offs between initial capital outlay, monthly cash flow, and potential returns.Thank you for your expertise,Ricardo

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

S corp is great for things like service businesses, but when it comes to owning real estate, we want not to make the S corp election.

should it be interest only3. what fees should i charge4. if i am using a loan servicing company how do i factor in the fees?

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