Quote from @Bonnie Low: Quote from @Arn Cenedella: @Alex ClarkCongrats for accumulating $100K to invest at the age of 21.

And it was a low value asset some where in the 40k range. 

My cash to close is super low due to the incentives the builder has providedMy agent thinks that as long as the area is kept up it should be fine 

That is a good point about the 1st mortgage being too low to entice the 2nd to negotiate.

SO, I am paying $782/mo to rent my house to the renters (not including any maintenance costs)!

This also allows you to build reserves and monies to cover repairs/maintenance, capital expenses, and vacancy costs. 

I've been chewed out by agents for backing out deals with low(er) DDs because I did my DD and found too many issues, and I have had some try to pressure me into massive DDs which I did but fortunately did not win.

DST providers/literature often cite that though the return is low, when combined with the tax deferred benefit, it’s better than selling an asset, paying the capital gains, and reinvesting in a normal syndication.

Definitely agree that you shouldn't have a problem with this as most fix & flips can be secured with low doc private money loans.

With title insurance.The Low Baller – I will define this person by an example from my property brokering days 40 years ago.