The rent I am collecting is $650, only expenses are tax and insurance, which equal out to $120 combined. 

Interest only, investors, combined with a construction loan so the interest can be added to the construction loan, etc.

Our local radio station wanted to borrow against their equity so I had to evaluate three very unique properties for $300 each.

It’ll be a combination of one tenant who was able to find employment after being laid off (we had given her a discount in April) and we were also able to find another tenant for a property that we rent out per bedroom.

I am risk adverse, from a monetary perspective, which explains why I am now a Train Operator working for the city lol.I have no large debts looming, the wife and I maybe have $4k combined across a few CC's.  

That combination led me to move to San Antonio a couple years ago.

To fund the project, I combined a HELOC on my personal home with a personal loan from my bank (PNC).

Thankfully they don't care about tax returns either because without W2 income combined with tax write offs, expenses and buildings that are depreciated....I don't exactly look wealthy!

Combined with other factors this can lead to business lines of credit and business loans so you don't have to leverage your personal credit (I should note that banks don't like lending to real estate based entities due to their high risk nature).Not sure what state you're located in but the costs with forming and keeping an LLC can be costly.

Both are also paid off resulting in a net operating income of 29k annually combined.