My wife is ill and I need to bring Family for support.

Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline. 

I've seen my share of horror stories.Finally, if you're young, without a family and not dealing with foreclosures then yes winging it and learning as you go can and probably should be done.

Yeah we definitely do not want to raise funds as it can be many issues in bringing family and friends into our business we believe.I have just finished the Brrrr strategy book by David Greene and he talks about using cash to buy a property.We originally were leaning on doing this as we felt it would be wiser to buy a property in cash however after research I see that using OPM might be a better solution as it would allow us to scale our real estate business faster and also allow us to keep cash reserves for any emergencies that can arise from tenants not paying rent,property damage etc. 

Hey Henry, my main market is Augusta, GA focusing on small multi-family with midterm/short term rental strategies. 

The paid off student rental plus the 2nd student rental helps pays off the mortage for 2nd student rentals and living expenses for me and my wife. the duplex was  cash flowing approx  $300 month with the old tenants We manage everything ourselves with some help from our family. 

Having freedom to invest in myself and my family is very important to me.

Wouldn't a guest under that policy be a friend or family member you have over to your primary residence? 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.