Personally and this is just my opinion, but I am not a fan of 100% financing as gives you no liquidity and not many options if you needed to exit the deal for some reason. 

I advise you to definitely be careful when dealing with John Jackson .

But I can't find anything else I can do on the side for income that is self employed, that works.How do people deal with the discouragement?

If you have a lot of doors, any claims you're paying out (again, with your time spent dealing with issues) are generally offset by the premiums you're collecting from doors that don't require any or much attention.The fee structure should be transparent and easy to understand, and it certainly should be on the PMCs radar to avoid "project management" when possible. 

If these are the terms that make your deal work, @Duane A.

I have been working on sourcing deals in Lafayette as well, but the market is pretty thin here compared to the options even just on the MLS in Indy. 

As I shared initially, if you have not purchased your first property, focus on building your industry relationships and deal sourcing.

How did you find this deal and how did you negotiate it?

On one hand, you want something local to learn the ropes, on the other hand, I'm not sure if there are good deals out there for the beginner.

Here is the criteria that I'm abiding by when determining what makes a "deal" for house hacking. 1.