We buy them, rehab, place a renter and then refinance cash out original down payment funds and recycle the same funds into the next project - repeat process.  

This will help me to get some money for down-payment on my first MultiFamily purchase which I am planning to rent to others.Would like to find out if there are any members in the area who are doing something similar.This is a great website and I want to thank everyone who have build it and contributing to it on the daily basis.

At first I was thinking that I would wait until I payed off my student loans to start investing, but now I'm thinking I may try and purchase some cash flowing properties to help cover my student loan payments so I can use my income to save for more.

They can send electronic payments or just go to the bank and pay in person.3.

@Lelith Walker, @Nicole Sorensen HullYou can now report  the payment history to one of the credit bureaus as an HOA payment so it shows up on thier credit report.  

I was considering a short sale but I'm not behind on payments or anything.

Given my limited capacity for a down payment and moderate income, buying a 2-4 unit property with an FHA loan and living in one of the units looks like by far the best path forward for me.

For example,I purchase the home from the seller with the following terms:Price: $70,000Down Payment: $5,000$65,000 15 yr Mortgage @ 4.5%Monthly Payment to Seller: $497.25Then, sell to an end buyer that would live in the home with the following terms:Price: $80,000Down Payment: $10,000$70,000 10 Yr Mortgage @ 7.0%Monthly Payment to me: $812.76Difference between monthly payment to original seller and monthly payment received by me: $315.51.Is this a deal that could be done?

.- I have to work under a broker for 2 years before I can apply for my brokers license in state of FL- I have to split my commission profit with broker and all funds/payments must be made out directly to the broker- the percentage commission I negotiate with property owners is my decisionDetermine best path to form Vacation Rental Property Management company being aware of my new status a sales associate- can I start my own business entity to establish and brand my VR management company now, or would/should I just wait the 2 years, get brokers license and then do so.

Also, do all creative lenders require 20%-25% down payment?