In regard to the second one, some sellers want to be there, some sellers want to field the calls for showings, some sellers can't stay out of the business and don't think their agent is ever doing enough.If you got your license to invest and you have two sets of owners desperate to sell, the question is: did you acquire both of these properties at a price that works for you and solves the owner's problems?

If you make $100 or $200 cash flow a month and when the tenant moves out, you have to spend 4k or 6k in making the property rent ready again, how much is your cash flow if the tenant stays there only 1 year?

RBC will only lend if you have no more than 5 mortgages (including the one you are trying to finance).If you need to go commercial for a small multi (say 6 - 12 units) which is <1-2M in valuation, I would stay away from the Big-5 and approach your local credit union.

Hi All, Bit of background: I was in the states for a while in 2015 in Detroit learning the market did a bit of wholesaling etc.I returned to my home country after 3 months due to personal reasons ( I really wanted to stay in the states as I have a passport so no issues).

Water/sewer need to stay in the owner's name, however, you can make sure the tenants pay on their own.

I am open to co-saling to get comfortable and in the motion.

I would not be willing to take 6% for 10 years when you can get 10% and higher for staying just as passive and get in and out in faster timelines?

Since I am new, conventional mortgage is the only type of lending I am familiar / comfortable with.  

I stay away from areas that have excessive violent crime, and areas that aren't close to freeways or employment centers.  

And while there's no overabundance of case law I'd recommend trying to stay away from for the year before you sell unless you document circumstances, motivations, and justifications very thoroughly.After the completion of a 1031 it's a different story.