After a year cont'd, Look for new duplex to move into and repeat the process however using only a % of the intial properties equity for downpayment (the other % goes to a 20% down payment on a non primary residence investment loan) From my understanding, since the initial FHA was refinanced to a conventional loan, I should have no issues getting the second FHA loan(or try 5% down conventional loan if thats more beneficial)

Negotiations of the final purchase were based on comparable price/sf and cap rate for the area, as well as anticipated deferred maintenance that was estimated during the initial property visit.

I’m hoping for a 0-4 unit A/B FHA.I have an apartment lease that ends in May and am currently relentlessly scrolling Realtor/Zillow and practicing analyzing with DealCheck.I’m realizing a deficit of on-market deals and ALSO realizing a need to pursue off-market deals via networking with clients at my job, accessing tools such as Propstream and initiating local landlords in the area.I’m curious if anyone has any insight or encouragement to share about this “stage” in the process and how you have found success and/or breakthrough.Warmly,Nic

- Initially removed problem tenants, renovated four units, and raised rent.- Future plans to add one unit and raise rent on former property manager by $450 per month.

Back to the initial example of you stating your 10-lbs goal and your doctor's recommendations.

I initially looked at properties that I could afford with the understanding that extra money would be needed to bring it up to speed, basically following the BRRRR blueprint.

When we initially put our offer in with the seller financing option he rejected the offer.

Even if that is not the case initially, strongly appreciating properties also tend to see corresponding market rental rate increases - meaning that an initially weak cash flow property could become stronger in a few years' time.   

Or you could buy a duplex in need of rehab and wrap the rehab into the initial purchase price with 3.5% down....which would ALSO work very well and show very good "cash on cash" returns. 

All of that cash can be used for down payments on properties that will pay you large dividends on the initial capital you held so close. 3.