It's a harsh reality of real estate investing; it grows steadily and offers good leverage, but getting to that first rung on the ladder requires a solid financial foundation.So, what can you do with $10,000?

It is also very big and requires constant reno/repairs.My tax returns are laugh worthy to conventional lenders and I have 2 other properties so my debt to income ratio looks ridiculous to the average underwriter... but the cash flow is definitely there.

It's not worth the 1/2 hour  to hour trip (one way)  to go look at a potential deal, then crunching numbers, then spend another hour on all the paperwork required to submit an offer in writing on a MLS deal. 

Is there any special requirement to do it in this state?

We in ohio are not required to give a reason so I would not put any reason in writing unless you must. 

It may not be required to send your kid. 

However, navigating the existing mortgage and structuring a deal that aligns with your rental income might require some creative solutions.

If your using financing the bank requires this.

When it comes to property type, SFHs typically have higher appreciation potential but require more maintenance, while condos and townhouses can offer good cash flow and lower upkeep.

Because at one point you do have to pay it back.This being said, utilizing a tax strategy requires planning.