I am in Buffalo for the rest of today.

I am sacrificing probably 10 years of my life to do this the right way, and hopefully I get to live the rest of my life the way I want to, financially free.

In this case you're not throwing away your closing cost money from your 1st purchase and because you're a few years into the loan more of your payment goes to principal and your future tenant will be paying off the rest of this mortgage for you.

I make sure to get this upfront, before handing over keys, and if the lease begins on a day other than the first of the month, make sure to get at least one full month's rent and deposit immediately.It seems that the majority of tenant problems are avoided upfront with good tenant screening, and that most of the rest are avoided with responsive landlording and clear expectation setting. 

More power and it's really invigorating to hear stories like yours and motivate the rest of the investors.

I could have easily sprayed texture on it with the texture gun to match the knock down pattern that is in place on the rest of the wall.

Even being Sec8, they pay on time for their portion and the city pays the rest on time as well.  

The tenant pays the rest and not a penny more can be collected from the tenant.

Hello BP community,I am currently trying to figure the best way to purchase my first investment property.It is going to be a single family home.I'm curious of how investors usually finance this type of property.Do you usually always put 20 percent down and finance the rest ?

To buy a house I am going to put 20% cash and the rest I am going to get a mortgage.