Hello Malgorzata - for the condo, my lender told me I could qualify for 3-5% down, but most likely have to put 20% down for a condo with a conventional loan.

I have found that the return on a SFH STR in those areas is minimal in comparison to other assets as they require a large down payment, but with management taking on 18-30% of rents it's much more difficult to manage.  

She acknowledges that her credit is not great, due to a history with a former partner, but she makes sufficient income and is willing to put down more as a deposit. 

This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.

I am a travel nurse but have been saving up to start REI in the Milwaukee area (where my husband and I plan to eventually settle down).

@Bob Beach @Luca Giani had some great post below on what to look out for when evaluating PM or just heads up on things to double check with PMs before signing on. 

I was thinking of using the 9k that I can get out the refinance of the duplex for the down payment/renovations of my next house.

My seller seems amenable to my giving them 20% down which i have and the balance due in 120 - 150 days. 

The opportunity arises after a family member, who has a clean title and owns the home outright, let the property go down the drain.

If the seller is open to seller financing, I was thinking of putting in a full price offer with 10% down and maybe terms of 30 years with 4% interest rate.