Only do this if you'll be staying in the house for a long time.

However, communication issues with Lacey began almost immediately—she took two weeks just to send me a contract and was frequently unresponsive, blaming weather-related issues.She advertised the property as highly profitable, but when I asked for proof, she never provided any.

You say investment but doing this long enough that is sometimes parlance for this deal might be looking like an investment but are you going to live there (owner occupied)?

Please clarify, is this a long term or short term rental? 

I have a good friend in Stevensville Montana who does this nationwide. 

Thank you for sharing this - very interesting!

Closing today on a duplex, all in 90k, rents 900/900, value about 130k This is my norm.

I've heard of folks using the equity in their rental properties to purchase additional properties and I'm trying to learn if this would make sense for me.

As a quieter person, it’s reassuring to know that others will enjoy sharing their journey, and I’ll definitely use that approach.Also, I’m glad you commented on this post because I actually found this meetup indirectly through your podcast with Andrew Freed.

Hi Sasa, glad to have you as a part of this awesome community!