.- There is no discount or created equity over and above the amount that is used as the down payment for the home.- The management company charges a management fee of 10% - 15% which can be a little higher than average property management companies, but that cost may be offset by higher quality of services.- The management company also charges for other services such as fee for coordinating maintenance and repairs, and turnover and releasing.

@Robert StephensonIf you have enough equity in your primary or rental you can get a HELOC or HELOAN and use the proceeds as a down payment to buy another rental.

Oh, one more thing to be wary of, section 8 contracts states that if you have long running issue and not fixing it, not only can they stop the rent payment for that unit, but for every unit in that property.and another one. 

I'm glad it's saved you money, that's great that you got some use out of it.My top challenge is getting contractors to go out when they say they will =) hahahaha reliability of contractor, can't be replaced by some of AI stuffs.Be nice to contractor , AI is just new term for tech guy like us to make money out of new BS.

If you want to buy your first property ASAP, house hacking (duplex, triplex, or renting extra rooms) is one of the best ways to start with a low down payment while learning property management.

That means that my payments are what they would be on a 30 year loan.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

For example, the buyer, if they find problems with the property or stop making payments, can blow up the seller's credit.

Gave me the monthly payment and I checked it against a mortgage calculator and it's exactly what that said. 

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.