There's a lot more involved than buying a cheap house, renting it out and banking the money.

There are companies out there that has fewer requirements, but they are not cheap.

RoyI wasn't asking that question to you but the topic starter, but you brought up interesting points.I agree that if you have no immediate use for funds capital paydown isn't a bad idea, it reduced the interest portion you will have to pay.But structuring your mortgage amortization from 25 -> 15 years for all your properties is a different story and reduces your flexibility.I have properties that are generating high cash flows currently and have thought lower amortization schedules, but money is so cheap right now, 3%, that its simply not worth it.

Sure cheap money that makes your percentage returns go up is great but you also can over lever yourself which is quite bad.I am more concerned with the actual cash flow I am getting.

We never mentioned about it and never was part of lease agreement.2) tenant never paid on time3) Every month i had some sort of repair cost4) Within 6 months replaced the Dishwasher and microwave5) tenant broke the lease without paying rent for 2 months and left the house in awful conditionI had to pay all the expenses out of my pocket.My husband, it was previous tenants who were bad we should give 1 more chance to property managers:Now renters are in the house:1) I already received an expense of 190, they have not even stayed in this house for 1 month.when you Property managers why all these repair charges, the start telling you all legal terms that the expense is less than $350, they can do it without asking us. they are telling they are not using cheap material from walmart. also mentioned I was living in a house half things were not working and they had to fix it. they are harassing us.they are total crooks, I can prove these $190 expenses I am paying should come out of tenant expense.I want to do legal case against them, please let me know how to proceed as I am tired of them.

Get an E & O insurance policy it is very cheap.

She is willing to sell it too me for cheap, $20,000 but it needs a good amount of repairs/cosmetic work.

All I would need is to find a decent but cheap mobile home and I could rent that spot out for around 425 I believe.

This seems very interesting to me in the light of profitable investments due to fact that there so cheap(in the price range of $10-35k).

src=/program_offices/housing/sfh/203k/203kabou) 5% Down Homepath Owner Occupied Not as cheap, but come with renovation options attached to the loan: 10% Down Homepath Investment (SFH only) 20% Down Homepath Investment (Duplex only) 25% Down Homepath Investment (3-4 Unit Buildings)