It has to be arms length transaction so it is highly advisable to have a PM company manage the property and repairs.

He was fixing the front door on a unit after "forced entry" by the "boyfriend" of the stripper who lived there.

How about you look for a partner that has the funds to complete the rehab and then split the forced equity??

You're probably looking at 15-20 terms max on those, maybe less or maybe ARMs or balloons.

How we started: While in the Air Force, I bought an expensive car, thinking I would remain on active duty to repay the loan...and discovered I was pregnant.

Seems as though entering the market during a period of very low rates puts you at a perpetual competitive advantage compared to someone 5 years from now who's forced to borrow at double your rate.

We also pay our kids when they do work on "income producing projects" as opposed to being forced to help around the house.

Your lender will also verify that the original transaction was arms-length.

Go to IREM.org search for ARM certified property managers.

Other is an in-house loan with a 5yr ARM over a 30 Amortization with a 2/6 cap rate. starting around 4.75% but would potentially only need 15% but 20% for sure down payment. 25% down would stretch me with reserves.