I have purchased props where the owner was fed up with all the repairs, ( another words he was a slumlord) well here is a novel idea, RENOVATE IT LOL.

Best of luck and please keep us updated here on what you decide to do!

I am not offering advice here, check with your mortgage holder to be sure.You may or may not want to see an attorney about the above.  

Hi my name is Marissa and I am new to the real estate world. I have been educating myself in investing and real estate. I motivated to put it in motion! Looking to enhance my education, skills, and connections. 

Everyone here is still learning, and we all started our journey somewhere.

@Amaris Aguilar  I believe they have been talked about here on BP before. 

If you’re short on down payments, here are a few strategies to consider:Leverage Equity: If you own any properties with equity, consider tapping into that through a cash-out refinance or HELOC to fund your down payments.Seek Joint Ventures: Partner with other investors who can provide the down payment while you manage the property or contribute in other ways.Explore Creative Financing: Look into options like seller financing or lease options, which might require less upfront capital and can be structured to fit your needs.Consider Private/Hard Money Lenders: These lenders can offer flexible terms and quicker approval compared to traditional banks.

You can find more info the group studying the issue here.

So I was hoping people here could educate me.I'm trying to calculate the interest earned on a $100k loan over 15 years at 7%. 

Here's the link and let me know if you have any questions.