One for 6 of my properties and the second card for the 7th property that is held in a partnership where the finances need to be kept separately.

I am not an investor, well, not an investor of real estate property.

Also interested to hear more about using it for a rental property.

You can start learning the ropes of real estate investing and begin generating some cash flow.- With $50K to $60K, you can find a decent LTR property, but make sure to do thorough analysis on the property's potential for cash flow and appreciation.- LTR properties often have more stable income streams, but they might not offer the same level of cash flow as a well-managed STR.

when you buy a property you'll have a down payment, closing costs,  rent-ready costs, costs to get set up with a PM, a commission to place a tenant...

It has been a dream of ours to own rental properties.

What is considered a good goal for return on equity in a property?

The city recently inspected the property and determined that a converted garage was poorly constructed.

The owner is responsible for any damage to the property that wasn't the fault of the tenant.

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.