I have a tenant who has never been able to make rent on time, they are typically making partial payments throughout the month to get current on rent before the start of the following month.

Even if you purchase with a single family home, it’s a start.I’m active duty Air Force with four properties.

How do you typically handle unexpected costs or delays in your real estate projects?

A second position HELOC will typically only go up to to 80% LTV.

Quote from @Kendall Jackson: I’m trying to get started in real estate to provide additional income for flight school and eventually buy a home in San Diego.  

Hi BP,Im trying to figure out if I should look into using a HELOC on my parents home to buy a rental property in cash.

I've considered different options, such as refinancing this home to make the land a separate transaction or even selling my house to build a duplex, (since I am not sure if I will be able to get financing for the construction project if the land and this current home are on the same loan).

At that time it was an area with homes that move relatively quickly and a low enough price point with the rates to make it appealing to buyers.

I can comfortably afford both the starter home and the more expensive home with my income, given my DTI is basically zero.

We put our home on Zillow/FB Marketplace/Avail about 10 days ago.