I have saved up and have enough to live on for a year without any added income and I have been successful in getting pre-approved by several hard money lenders. 

Now we're doing this new mutual termination agreement on our own without the lawyer since his fees are adding up fast but just wanted to make sure we're not doing anything wrong. 

@Akeem Wheatley The subject has been beat to death on BP.https://www.biggerpockets.com/forums/519/topics/24...It boils down to this...If you can put your money into an asset growing at 6-8% and you can get an immediate line of credit against that asset at 4.5% (prime), then anything you can do with that borrowed money that earns more than 4.5% will be adding value on top of the original asset.

To answer your questions. if i would be starting put now and i don't own my own home i would have bought a 4Plex that is value add deals. live in it for a year or two while the tenants pay may mortgage, at the same time will be adding value to create equity. 

I'm guessing you can see why they don't interest me.I grew up in it my dad was buying tax sales in CA in the 60s... but those were tax deeds. you buy it you get a deed 30 days later you record it you own it and it wipes out all liens expect the ad valorum taxs and IRS that has a redemption right. 

The weather might scare a few people away, but the locals keep themselves insulated and well-primed when the snow and wind come in.The City is actively attempting to lure millennials from Chicago with an ad campaign that highlights the City's amenities and transportation benefits.

Others have added an additional fee to tenant bill.Any change in rent (including adding utility costs) must be in writing usually with 60 notice.  

Even though, I am experienced; when I added a partner; I couldn’t get Fannie/Freddie loan.

When rubber meets the road, these low-cost/low-rent properties only make sense if you're turning and burning them, or are adding them to an existing portfolio where you have sufficient reserves already.I've got a property I am looking at that rents @ ~1750 for 2 units, so taking 10% for CAPEX -- which is an estimate on my part, good, bad, or indifferent -- sets aside $2,100 per year just for CAPEX.

Any tips on what else should be added?