Hello, my name is Nick Knight and I am moving out of my house and am looking to rent my single family home out and begin my landlording career.

So I'm looking for some guidance from the bigger pocket community.Basically it's myself and two other people who are pooling money for a down payment on a single family home out of state. ( I know this brings up a whole bunch of questions as to why am I not doing a Multi instead, why is it out of state, etc., but we wanted to start with a SFH to get started and understand all the moving pieces before moving on to another property.)Where I'm getting caught up is the complexity of working with other people on this deal.

@Roberto Torres is working with a Single Family Residence ( a very large  SFR) which he may be able to get 80% LTV.  

We have flipped one single family and intend to do another before moving into multi-family. 

Investment Info:

Single-family residence buy & hold investment in Oakland.

Purchase price: $632,500

Cash invested: $75,000

House hack! Split level sf in north Oakland

Is there a comparable Website for searching “Homes for Sale by Owner” as the MLS for Agency Listings? And, have you been more or less successful with Homes for Sale by Owner?

I've got a 2000 SQFT single-family in Thornton coming vacant unexpectedly in mid-December, and it's going to need paint/carpet throughout the interior.

I hired a chimney sweep company to clear a blocked gas furnace vent and replace a faulty vent cap on the roof at one of my single family rentals.

Making some money on the side while doing this would be fantastic, but I'm more concerned about the education to be gained from the opportunity.My rough plan is to gain enough experience to become a wholesaler myself, and use the profits from that to jump into REI (Single-Family homes and Multi-Units) with a strong foundation.I'm currently residing in Cumberland County, more specifically the Vineland/Millville area.

My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.