Unfortunately I don’t qualify for the free option and finding a contractor that actually wants to jump through the hoops for the permit waiver is another hurdle.

The Five Truisms About Real Estate That Are Actually NOT True5.

Learn how to handle money.

Hey @Max Kulishov, it's not a bad idea - I've done remodels on almost every place I've lived in, and the cool thing is you get to enjoy the renovations, you might have to do some minor repairs prior to moving out but nothing like doing a huge remodel + you can slowly renovate at your own pace rather than having to invest large amounts of money at once. 

That's how you buy D+ properties thinking they are Cs and lose all of your money.

.- DaveSeems cool,I have always wanted to own a holiday house in the Bahamas :)Actually traveling there to look at few early next year. 

This goes back to what I've been posting for a while and that's the fact most investors cannot articulate the risks they are protecting against or how these elaborate entity structures will actually protect them and there lies the problem. 

PM isn't a great place to simply save money- it's a 24/7 job and there's huge liability if you don't know what you are doing.

The turnover is where you will lose a huge amount of money. 

Other alternatives to save 20% each time include seller financing, partnerships, hard money loans, house hacking, portfolio loans, and private money lenders.