It took me about seven years to be able to quit my job as an engineer.This was mainly from buying inexpensive properties from motivated sellers for cash.Buying nice STR's with leverage is a much longer game especially this environment. 

Although short-term cash flow may be difficult, long-term appreciation may make up for it.5.

Typically they can get their fees out of the seller.

I honestly just think I bought it because it was a best seller in the Real Estate category at the time. 

Just trying to keep my eyes on the long term benefits/costs as well as the short term gain of cash flow etc.  

Nope I’m just wondering what the common items are for closing costs and which one’s for the buyer and which one’s for the seller  Seller wouldn't have fees to pay.

If you don't have it, you have to find a lender (bank, mortgage broker, private money, etc.) or convince the seller to do something creative.

Single family, multi, short term, long term, etc?

Mark,Jordan is correct in his analysis but the problem lies in managing not to get thrown out of the seller's living room when you offer him $97,200 for his park. 

And the short answer is no…AS LONG AS YOU ARE PAYING ON TIME.