I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

At 18, start with wholesaling to find off-market deals and earn fees without capital.

All you had to do was drive to the house, take pictures, sign a contract and then assign the contract to a buyer for a fee.

However, calculate whether the investment—purchase price, legal fees, potential eviction costs, and rehab—still leaves room for a solid return.Risk vs.

It also matters where the home is located, and what the weather, type of tenants it attracts/has been attracting, etc. other factors are.

However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

HELOCs are usually variable rate and there may be yearly fees associated with maintaining the HELOC.

I charged fees for other violations as well but the fees aren't enforceable here in Wisconsin because the lease did not explicitly state what they would be in advance.

Hey Richard I have a Sub 2 deal in Akron perfect for STR. 6k entry fee 6% interest 165k balance.