@Matthew Allen Good to hear your story Matthew!

The guy is living in the house and  paying the ex the money to make loan payment which she didn't do which is the story he told me. 

Hi, long story short I setup my small real estate co in an LLC with the elected S-corp.

Long story short I suppose I'm looking for creative ways to find deals.

Then about 2 years later they started getting behind on our mortgage, then we found out they were behind in the first mortgage as well...long story short, we had to foreclose on the note we held and pay the first to keep them from foreclosing a senior lien first...the day of the sale at auction, we were served with a notice that they had filed for bankruptcy, which stayed the sale and the auction was voided.After getting an education in foreclosure, I now had to learn about bankruptcy.Since we were now living in another state, we had an attorney handling it all - I was never comfortable leaving things to other people, especially when we had a lot to lose.

Whichever option you start with, SFR, duplex, renting out rooms .. an option to think about for a good tenant rent source is AIRBNB.com  If you've never heard of the service, long story short, people rent out rooms to guests from all over the world. 

My husband and I did an FHA when we bought our fist home in 2002, long story short we took out the equity and made that money grow, so that was the only time we have financed from that point on we have done everything cash, so we are not familiar with financing.We would also like to get information on construction loans can you point us to the right direction?

I love this story! 

Also, your first investment stories will give me life.

I want to know if anyone has any success stories in my area.