@Rajesh Mittal - it is definitely easier to start this at 23-24 when you do not have a family or tied to any school system/location with no family to worry about.

Just some items to think about if you haven't already.Another note, if the tenant isn't still tied to a long term lease, it *could* be more favorable to a buyer and you may end up with a higher sales price.

If I were putting a low percentage down on a primary I might be looking for other ways to add value to the property with the remaining capital. 

Often water is tied to the homeowner, things like electricity is with the occupant.You don't want to include utilities in the rent as the tenants typically don't think/care about usage resulting in high water bills as they aren't paying for extras.

Marketing I've done: Listed property w/ local property managers - they post on MLS and syndicates to Zillow, apts.com and craigslistI'm posting myself in off-campus forums and forwarding qualified applicants to property managers for showings April 15-30th (when I didn't have the property managers)8-10 showings mostly off Zillow/FB~3 Applications0 qualified renters/0 tenants bookedMay Stats:9 or 10 showings 4 applications1 tenant booked in unit #1There are 2 remaining units, unit 2 and 3, which were initially priced higher than unit #1 because they are slightly larger -- That said, I'm thinking that I reduce prices and take advantage of the higher demand in the coming months...Does this answer your question?

My wife and I ReFi'd our rental into a 1st position Line of Credit that's tied to a zero balance sweep checking account.

(You get 75% but save about 25% in taxes.) better to have money tied up in equity than given away to the government.

There is probably a termination clause, usually 100% of the remaining dues. 

@Nathan GustafsonWith regards to HML recommendations, you can use the 'Network' tab on BiggerPockets to search a list of reputable HMLs.With regards to the downpayment, @Brett Tvenge provided some solid info.A reasonable expectation when using an HML is for them to provide 80-90% LTC, or 80-90% of the total project costs with you bringing the remaining 10-20% of the project costs to closing.Best,Michael

If we went with traditional investor financing were probably looking at tying up at least 60k just to purchase the property, not to mention the rebuild costs.