If you’re really comfortable in the property you rent in now maybe work out a Right or First Refusal to Purchase the next time you renew your lease.

It sounds like you bought the property hoping it would just work out. 

My only regret thus far is not doing it a little earlier, but I'm sure it'll all work out.

I would work out a deal with the property owner if at all possible. 

I've heard of people making it work out here so I believe you, but just trying to wrap my head around how. 

I have a third that I am hoping will work out.  

It will work out for you if you manage everything well.

Still need to work out the LLC issue for the trust, but excited to be getting some positive cash flow now!

If you were going to live someplace for 10 years - i would definitely recommend a 20 versus 30 year loan - but if you're going to move out after its fixed up and rent it - then you will need to decide your own financial preferences but maybe the longer term 30 year loan and lower monthly payments work out better for you.          

A good broker will ensure your borrower is qualified, the house is a good deal, the paperwork is bulletproof, and that you know what you’re getting into.Brokers are a valuable second set of eyes you’ll always want to use if you can, but no assurance the loan will work out.