With the rent covering interest only payments on this kind of loan, I would only have to cover minimal repairs to get units rent ready (prior to getting them occupied if they are not already).

He does know that He won't get paid until we close on a home and he does see the bigger picture, with that said, does anyone have any advice for me that I could give him to motivate him to find these properties without having to get out and drive/bike for dollars everyday other than using the mls.

But the policy they are providing only cover the purchase price, and it lists a lot of exceptions.

@Steve K. the $203,000 is what I currently owe on my mortgage, I bought the home in 2015 for $210,000 and I was able to use FHA grant program, which helped me with my down payment and then the lender covered most of my closing cost and then I took my some of commission I would of made on the sale and used it to pay the remaining closing cost, which was around $2,000.

I'm a "big picture" guy who has a vision and creates plans and goes after them with intensity. 

Sorry for the drive-by picture.

There's no way you should put it in an index fund unless you're prepared to cover any losses.

Brandon has done a video covering this, but I am interested in hearing what you guys have to say.

i will be reporting it on my taxes for 2017.debtCalifornia piti $1,950Georgia piti $2,000 (yes, gross profit per month is $1,200 with only 5% down, seller covered all closing & living rent free)car $530student loans $350As an investor I want the minimum amount out of my pocket.

And, this will tarnish their record.One of the keys to this is putting everything in writing and posting it on their door and taking a picture of it posted on their door and then sending them a text of the picture with an explanation.