Plus, I have a secured line.

I wondered what some of those benefits might be and if it would warrant a little extra effort to try to secure the one end unit owned by another party.Thanks for chiming in.

Be sure to enter a "lease-option agreement"rather than a "lease-purchase agreement".The former grants the option to buy at any time during the rental period,while the latter requires purchase by the end of the lease period and has legal ramifications for backing out.

I am collecting the pro-rated amount + first month + security deposit.Here is how its stated in my lease:Tenant hereby agrees to lease the Lease Premises.

(This one I did put on the market for 2 months) but then just had to have a tenant in the property with a signed lease and paid up rent for a month with security deposit.

There's nothing like passive income. 90% of households across the country need additional income and I can't see any better way to securing those funds than being a real estate investor.If you just want to make some extra cash for whatever reason, this is it.

I haven't really looked at what's available in my area yet, because I feel I need to secure some financing before I start looking.

Its a security measure to protect their investment.

But it clearly wouldn't work for us smaller fish (I'm at 23 and I am definitely smaller fish to them).ESCROW ACCOUNTSThey want all the rent for the houses to go into an account that they have access to and they want security deposits in a separate account and they want reserves and capital expenses to go into yet another separate account.Add in another 5% just to manage all the separate accounts they're asking for.

One thing I am concerned about is my ability to secure financing.