You need cash, probably 20-30% down.It is unfortunate you already spent your money on a personal home, it is a liability not a investment and will hold you back from investing.Shane has the right idea except I would sell the house and buy a multi plex and live in one unit.

Tell me why this is a dumb idea, but let's not get lost in what-if's.Lastly, who are the professionals that I can talk to, to make sure that the work I'm doing will result in a property that is bank finance-able?

I like the idea of doing the brrrr strategy.  

My business partner and I intend to "hijack" the houses to acquire conventional lending, but due to the fact that the homes are on one parcel, the banks we spoke with will not lend to us.Any thoughts, suggestions or ideas around creative financing for this deal?

I kind of pitched the idea to him to see what he would think.

My point here is I have no idea how to run a screening process and what all I need to do before I accept tenants.

This makes me nervous.Any advice, ideas, thoughts, and/or options I'm not exploring?  

l know we all involved in real estate investing locally here in Toledo, Oh are tired of all the lead law talk, but I actually see opportunity in this new "lead safe" ordinance, and would like to know other investors on here take on the favorable and the unfavorable factors to consider with the new or ordinance?

Teaching is an awesome and unique experience so far, but my mind and my heart has always had the idea and drive to begin in real estate investing.

I do have a prior relationship with the manager there, but I have no idea if that had anything to do with it.