This strategy has many advantages--one of the big advantages being you can use an owner occupant mortgage with excellent terms and a minimal downpayment.Good luck out there!

I pitched it to them as them being more of a silent capital partner.

Get in the game with a minimal down payment, learn to be a good landlord, keep building up your capital, and then if you're serious about investing OOS identify the right market for you and build a team there.

and you have a new crop of sales guys pitching the exact same stuff..

The key is to be creative and strategic to minimize risks and optimize the cost of capital.

Most landlords maintain cash reserves of $10,000 to $15,000 per property.To make a profit, you will need to find and keep good tenants and minimize vacancies.

Purchase price: $180,000 Great tulsa flip with minimal work to be done

But at a high level, I would say your best bet to minimize your monthly cash burn would be to rent each room that you can spare.

If you are well prepared and have a clear and compelling pitch, it may take less time to secure funding.

The benefit of this to me is an expiration of my procrastination, beginning my REI career now as opposed to waiting, learning about REI with minimal risk, being able to include repair costs to the loan, no closing costs, fair yet improving credit.