Other participants would ‘applaud loudest for the “largest” nothing down purchases, regardless of whether or not the purchase price paid was well above market value, had a large monthly negative cash flow, or was a property that had no other use than as a “recreational” lot.  

I am embarrassed to say that I have been a free member for a very long time, and stuck in analysis paralysis for way too long.

Start with a tiny rental or a fixer-upper, use helpful tools and resources, and tap into loans like bank loans, quick cash loans, or loans from people you know.

Are you using your own cash or hard money loan? 

We own a property in nKY built to accommodate MIL or short term rental but I have seen many that are modifiable.

Purchase price: $1,250,000 Cash invested: $62,500 I recently closed on this 4 unit property in Federal Hill Providence, RI.

ThanksIf you allow her to live without paying her part of rent, you are likely violating the terms of section 8.

My intention is to live in the basement, rent out the remaining bedroom to a long term roommate, and run the upstairs as a full time STR.I'm aware that the City of Littleton has strict short term rental regulations, but they do allow STRs as long as I have a license and I am occupying the property.  

Ensure your self-storage property has a strong cash flow to meet the DSCR requirements.

Purchase price: $630,000 Cash invested: $30,000 I was selling another property and used the 1031 exchange fund to put down the downpayment for this property, and it was cash-flowing from day one.