I have looked at and analyzed several SMF deals in the west end (Waconia, Watertown, Delano, and the likes) and am continuing to do so, hoping to find something that my wife and I with our two kids could live in and still have a little room and somewhat of a yard for the kids to play in.

Grant Cardone and other big investors continue to say this , maybe I’m missing something ?

If so I would continue to run business as normal.

The reality of staying where I live is saving a large down payment (200k+) and continuing to work overtime every single month to make ends meet and provide a decent lifestyle for my family.

I keep striving to learn and continuously run deal analysis to help better prepare me for my second deal.

My first advice - continue to save.

He just started buying properties in Camden, nj and I think that’s where the potential partnership is, I have to continue what I’m doing as far as finding wholesale deals and potentially partnering with him on one vs something that already made it to the MLS at that point it’s no longer my market. 

I know that these properties continue to collect liens from the city for different infractions (needs cleaning, boards on windows, etc.). 

Also if they have truly never lived outside of a parents home you are taking a risk that they will take proper care of your home without having mommy there and that their relationship is strong and that they will both want to continue living there and paying rent for the duration of your lease.

I have had a positive experience so far and I am looking to continue down this path and grow my portfolio this year by having my second deal be a owner-occupied 2-4 unit home.