Be very careful of these fake on line lenders.. its a huge scam these days.. while 100% exists in the market place its only for well established long term repeat clients.

A good rule of thumb is to plan on spending approx $10k on all the standard items for your unit like your washer & dryer, linens, small appliances, dishware & cookware etc., plus $2-3k per bedroom.

Do you plan on buying properties that need rehab?

Anyone interested in sharing notes, deals, connections, learnings I’d be more than happy to meetup virtually or personally.CheersRod Miami as the rest of FL is heading for a correction, be very careful, 

So, I would keep your 2-year plan to yourself.

In my case, our income from our jobs may very well be enough to take care of occasional large repairs and vacancies.

In New Jersey pseg will repair appliances if you have a $6-10/mo plan per covered appliance with them.

There are many risks, consideration, knowledge, strategic planning, decision making, and real experience skills that are needed to succeed in real estate investing.

This can often be a great "investment" if you plan on staying a long time in your house.An interest rate cap is only good for 3 years, and, specific to this loan, it is interest only.  

They promise to take care a lot of the paperwork and perhaps common mistakes for first timers, but not sure if that's worth the $7000 (also upfront).