With many people's help I recently made my first buy-and-hold purchase of a duplex in Fort Wayne, as an OOS investor! 

That money goes towards the purchase if made, or is forfeited if no purchase takes place.

Purchase price: $55,000 Cash invested: $30,000 Purchased property was renter-occupied at $600/month at the time of purchaseDid not renew lease with tenant.Completed full Renovation at $30,000 6 days on the rental market before the property management team got a signed lease at $1200/month Renter moved in July.ARV $179,980 What made you interested in investing in this type of deal?

The tried and true way is to purchase a off-market property, rehab for no more than 75% ARV, refinance to get your money out or payback the private hard money loan - start short-term leasing the property.

Purchase price: $370,000 Duplex that was purchased on the backend of a 1031 exchange.

Purchase price: $250,000 Cash invested: $65,000 This is my first flip.

Touching on some of the above my lender did a loan for a client who did not have a primary (lives in rented NYC apartment and purchased home in FL), and mileage is not a concern but you have to prove a reason i.e. you live in a city and the visit the beach often, you work often in subject area, mountains, etc.

I know there are hard money, and private money lenders, but since it's my first purchase I don't think any of that will work for me.

Cleveland has a lot of duplexes available in rental heavy areas that cash flow with purchase prices under 200,000.

Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.