The repair doesn't get made.My lease is clear that tenants must give the vendor access during ordinary business hours.

Home State Licensing Requirements: Some states require individuals or entities that buy mortgage notes to be licensed, especially if you are buying them as part of a business or investment strategy.

My goal for the next 2-4 years is to eventually have enough cash flow to focus on my college and starting a business.

@Kevin Quach, most of my business is acquiring rent-by-the-room investments.

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

And I’m planning to get business credit through my LLC I’m setting up.

What is your strategy when doing owner financing?

One big advantage of this strategy is you can use conventional financing with a lower amount down as it will be your primary residence which also has a lower interest rate than an income property loan.On your question about buying section 8 rentals, I think this is also a good strategy to add to your portfolio and you can buy section 8 duplexes in Lansing, MI for around 100K and its a great rental and investment market.To your success!

I am a newbie at this particular strategy, so any tips, hacks, insight, or advice you can give would be greatly appreciated! 

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.