Watch out for the for profit ones...you'll know who they are once you get there. 

I was hoping I'd find support for whether or not it would be a good idea to get hard money for a 25% down payment, traditional financing for the remaining 75%, with all profits (rent less both loan payments-HML and traditional financing, prop tax, insurance, and 10% maintenance fund) going to the hard money lender under the loan is paid off. 

I've read some about buying the properties within both types using mortgages and how the income is treated differently due to some profits coming from your money and some coming from the banks. 

Our lender also informed us that the biggest issue that raised the red flag and qualified the property to be in Below Average Condition is the detached garage which needs major repair.Our dilemma:Our lender gave us the option to buy the property all cash and refinance instead of it being considered a purchase.

Not just for profit, although it is a great incentive, but to also battle the homelessness epidemic we have on our beautiful island.

@Nick Rice You don''t give all the numbers, but you'll need to consider what your housing costs (or profit) will be for each of the scenarios (single family vs condo) with the room(s) rented out.You should also consider them as straight rentals.  

In my opinion these are some of the major benefits to buying in Charlotte, NC over NYC metro:1) NC is an landlord friendly state.  

The major problem being that it's still so very disconnected from the rest of the city.

That was a major choice for me looking into the Saratoga county as the taxes can be lower.

., I was actually a graphic design major at ASU before switching to Interior Design.