I feel like I remember hearing one of the podcast or somewhere that the appraised value of timber on the land can be used as down payment for purchasing the land.

So if you are looking to have a steady fixed payment every month, this would not be a great option. 

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

Funding: my plan is to shop around hard money lenders for purchase and rehab for best rates/fees/down payment.

Private money lender, 100% financing no payments for 30 months, interest only months 30-60.

Private money lender, 100% financing no payments for 30 months, interest only months 30-60.

We might be able to do a good chunk of down payment, and were wondering what is the best area to invest in here in the immediate bay area.

------Each client started with a 5% down payment, was in the early 30s, and didn't make a six figure income.

NON-SUFFICIENT FUNDS .

I have saved enough for a down payment for a house and have a steady income coming in.