I've got a friend who owns a rental in the Raleigh, NC area that a company just pays him a check every month for the right to rent it out.

I wanted to wait out the winter to start on any repair projects but now while getting other quotes, I think the initial quote was very much under what I may be looking at to pay.

Everything your want to know is online, but, if you needed $100,000 or more to pay for Down Payment and all the Closing Costs for a Home, would you really want to even start?

- New builders have been given lots of incentives for months now - they pay closing costs, buy down interest rates, higher commissions for agents. - Possibly... in most areas of the country the market is a sellers market and the seller can get top dollar for their property.

So let's look at the options.Option A: Pay Rent $3,000 a month.

It is likely that both you and your investment partner will need to pay taxes.

I found one self-paying tenant with a 530 credit score and eviction history.

But if you took a HELOC, which tends to have relatively high interest rates, your blended rate (the average of what you're paying on your mortgage plus the rate on the HELOC) would likely be in the same range as today's mortgage rate.You'd also only be renting out one unit, but by selling it might allow you to get more than one additional unit and still grow your portfolio. 

I rent nice places to renters all the time and they take good care of the property, pay rent on time, communicate well, etc.

So that by the end of the amortization schedule, almost the entirety of the monthly mortgage payment goes directly to pay principal.