Exploring creative financing options like portfolio loans leveraging combined property income, hard money loans based on property equity, private money lending from investors, or negotiating seller financing for new property acquisitions could offer viable alternatives to support your investment goals.

This is where you can go down the rabbit hole of where to find these deals…different philosophies and what is even realistic ect…this is super market specific and a whole conversation of itself….however still very possible as this is how I started out.

May be something for you to think about and double check whether or not it's the same in your area.The upside to this is that your returns can be great using a rent by the room strategy as long as you are prepared for the specific needs of the market.

Miami isn't a city; it symbolizes ambition and the joy of accomplishment.Lets delve into the specifics!

I'll bring a list of specific questions.

Specifically, key items will be pre-empted to the state level and new ordinances limiting rentals cannot be approved unless they were in place prior to 2014.

I suspect you will have other answers that are a variant of specific information and tips.One that is a little different that I'll toss out there: find someone that has done this before, that also has $250k+, that wants to be a mentor, and see if they will go in together with you.

But there are implications to that strategy so be sure to discuss your specific situation with qualified tax expert as this is not a tax advice and I’m not a tax expert. 

New siding shingles can be purchased that are made of non-asbestos material to replace any original ones that are damaged and they are easy to paint - we do that for cosmetic purposes but we don't replace or encapsulate the entire house.That said, I would talk to your Realtor to determine if there are any Michigan-specific rules/regs regarding asbestos siding.

I try to be cordial and brief, but his issues have become increasingly bothersome.He now believes he is the victim of a serious crime, often calling to tell me the police are coming over (which they never do), or asking if I see a specific car on the street because he fears they are there to harm him.