Condos are less expensive to purchase, but the condo fees increase your monthly costs. 

Partner Driven financed the Crossfire Dr deal using its own capital, covering the $295,000 purchase price and $10,000 in renovation costs.

I was primarily interested in pooling resources with other rental property owners to take advantage of economies of scale and divide the cost proportionately among property owners. 

In order to make a decision on keep vs sell it comes down to holding costs, repair costs, total all in costs and projected ARV and rents.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Purchase Price: $39KRehab Cost: $32KARV: $100K  As you can see from the pictures, We redid mostly everything here; Windows, doors, flooring, kitchen, bathrooms and drain tile in the basement. 

General rule of thumb for hard money is 25% (plus closing costs) down especially if you don't have a lot of experience.

I'd recommend the latter for someone starting out-- you could use a 203k loan which helps you finance rehab costs into your loan.

If you're looking to do a fix and flip - you'll need to come to the table with at least 10% towards the purchase price + closing costs.

You will be out inspection and appraisal costs, but will get your earnest deposit back.