Her lawyer told her that she really needs to increase the rent she is charging her father-in-law to to $800/month, but when we were looking at her finances today, she has only actually been getting $150/month.

Reached out to owner of neighboring property How did you finance this deal?

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

.- CA has near fixed property tax. - There are cheap ways for you to enter your local market due to OO financing that is not available OOS. 

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

The experience varies based on location, tenant management, and financing, but overall, it’s an excellent way to get started with minimal upfront costs.Good luck!

Dave Meyer shared an informative video today [How to Find Your Perfect First Rental Property (The “Buy Box”)], outlining helpful structure for you to add clarity for your deal.

It kind of depends on the type of properties you're looking for funding on.

Also for conventional financing, the DP can't be borrowed.

Consider offering equity partnerships, debt financing with profit sharing, or preferred equity, where investors get a fixed return before you share profits.