The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

The deal is with the seller, the building is the vehicle to a profit.Profits starts not with the building, but with the ownership, existing financing and all the issues the seller is having with the property.

years)Part time investorPast Project: P001: (50% ownership in project) bought a piece of land with $58,000 and sold for 40% profit 1 year later.

I talked to a loan officer yesterday and she said that if the home has an existing property management company in place from the prior owner and prior bookings that extend into your ownership, you can’t keep that same company or the bookings, but you’re able to hire a new company.

You can see it only if you review the entire tax return of the entity and then manually allocate total depreciation of the entity to a partner, using his ownership percentage.

As someone pointed out, it appears to be illegal in Ohio unless someone has a RE license or buys the property first then sells.Many of the best wholesalers in my area take ownership of the property before marketing and selling. 

The full down-payment can also be a gift from valid sources:RelativeEmployer or labor unionClose friend with a clearly defined and documented interest in the borrowerChurch or charitable organizationGovernmental or public entity down payment assistance program providing home ownership assistance to low- and moderate-income families, or first time home buyers.

Of course a lot depends on the property, location, length of ownership, etc.

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

Since then I had talked about being interested in getting into real estate but was waiting for the right "time." ( -___-) I picked up little things like negotiation tactics, wholesaling, book keeping, and business ownership, but there was a lot of fear about real estate.