For the very first year of the tenants living at the property I was under the impression that a notary was required to make it a binding contract. 

People give false references and you need to vet the reference to make sure you're talking to the real landlord. 3.

I've saved up a little bit of money, and with my brother as a partner, am looking to start house hacking with hopes of investing in his and my future.

Also make sure all your friends & social media contacts know you’re in real estate as people who already know, like & trust you are the best sources of business.  

@Conor Nevillethe whole point in an owner financing situation is to put less down than conventional30% would make no sensegood luck

But I make it work with my rehab crew.

I am a car dealer and one of my employees' hit hard financial times and was unable to continue making payments on their home.

Also make sure that your values align. 

Hi Everyone, I am looking at buying a 15 SFH portfolio in Detroit, I wanted to do a DSCR loan (total purchase $852k) but most I can find say 1 - 4 properties, all the numbers check out and make it very viable.  

I'd rather toss money in the S&P than a turn key property in a cheap market with low or no population growth.