Most guys are dying for more properties right now, so they will welcome you with open arms if you have a real deal.

Being a 23 year old 5`3 female, I do value my safety and don't want to put myself in danger.Regarding timeframe, I bought my 1st house last January.

Expenses for one thing as posters have pointed out.The second is not giving out too much financial information both for safety and for just general humility and trying to relate to the audience a little.The responses may have been a bit harsh, but the original tone came off as a little brash.

Your financing needs to fit your business plan, use of funds, allow profits, that looks a little lean anyway.If you're asking grandma to make you a mortgage at 100%, forget she is grandma and get to your attorney for an arm's length transaction, as much as it can be, You need to be more careful with family IMO than any stranger.Initially, just approach your investor and pass it by them and see what the thoughts might be, how much and interest, how long and how they get paid can be negotiated.

No, but I wouldn't fear for my safety if I did.So if you're from Michigan or other reasonable cost-of-living Midwestern states you know 2% is doable without risking your life or your investment.

Both excellent reads.GO to IREM.org search for ARM certified property managers, friends and family are just that you are in a business.

Build in a safety net for possibly vacancies and large repairs.

Then I typically get as a response, "But I figured if I contacted the bank directly, I could cut out the middle man and save us both time and money", and while on the surface that may sound good, any perceived time and money savings is all but gone when I have to spend time and money explaining to my examiners, regulatory agencies, auditors, CRA agencies, Compliance Departments and so many other entities why I sold a home through direct contact and negotiation with a buyer, instead of listing it with an agent and maintaining that "Arms Length" relationship.

You just have to warm up to the idea of 5 year ARM or balloon financing instead of 30 year fixed.

Depending on areas you are looking for help there are very good contractors out there that will not charge you an arm and a leg and that do excellent work.