Purchase price: $260,000 Cash invested: $50,000 Vacation rental What made you interested in investing in this type of deal?

Hi,My wife and I moved into our current place about a year ago, and converted our prior primary residence into a long-term rental.

Two properties already have tenants and the other has a strong short-term rental history with property management already in place.

I recently switched insurance carriers for two of my rental properties and about two months after coverage started, I received a letter for each property with a list of items to be remediated within 40 days or coverage would be revoked.

Backup plan was to retain as rental while paying down note and long play on appreciation, hedging against inflation.

Quick way to get around that is to get your name added to the rental agreement or lease.If you do not have money for down payment you can opt to use a DPA - Down Payment Assistance program.

I have a few rentals that only have one bathroom and it isn't a problem. 

Better areas/better assets are still pulling strong rental rates with quick turnover time between tenants. 

I have no idea how/what he’s doing now but I have two degrees, excellent job, no student debt, car paid off, I live rent-free with my boyfriend, have cash in the bank and am looking for my first rental property. :)

Most sub2 sales involve a seller who is distressed, but that doesn't necessarily make it a predatory deal.Just about everyone in the US knows that owning and renting real estate is a tried and true method to wealth, but 99% of people will never own a rental property for a wide variety of reasons, fear being one of the biggest.