I'm a brand new pro member looking to make connections and to learn what I don't know!

Purchase price: $147,500 Cash invested: $13,000 Sale price: $269,000 We bought this condo with a Fannie Mae loan to put down 7%.

Purchase price: $147,500 Cash invested: $13,000 Sale price: $269,000 We bought this condo with a Fannie Mae loan to put down 7%.

I own another house, it was a live in flip, I bought it when I was 20 years old and my father co-signed because of my lack of credit. 

Purchase price: $57,000 Cash invested: $20,000 Bought a SFH that my grandfather built back in 1973.

I just bought a duplex in june using FHA.

That being said, we managed a couple of properties for one year for a man who bought them from us and we did a "mid month" report (written, descriptive) just to let him know what was going on so there wouldn't be any surprises when we did our report on the 3rd (we always did our "end of month" report on the 3rd, after bank statements cleared and were reconciled, at which time we could also tell him if all rents for the next month were cleared, and if not, why. 

Property taxes $3,611...run through the numbers and you will see it's all an appreciation play...since you will only cover monthly expenses with a lot down...With respect to appreciation...at these numbers I am thinking more about selling then buying...other house we bought for office/rental up 15% per year in two years since we bought it...feels great, but makes me nervous...If you are interested in short term rentals be sure to check with the City, as they are only allowed if more than 250 feet from another short term rental, so westside, near the river are locked out...That said, if you do decide to invest here pick areas carefully.

Most important thing is to just buy and hold.... 10 years from now trends will change, and we will still be glad we bought now. 

If you look back at how almost every area has gentrified in the past, they all start the same way with 'artists' migrating from an overpriced neighborhood into a new low-income neighborhood, and opening up coffee shops & other millennial-esque stores.