I am counting his 10k your 10k and another investors 10k as 25% position.

I put this on my FB page, and it really encouraged a lot of people to really think about taking action in ways they hadn't thought of yet.This past January, Ashley Murphy and I got serious with the talks of her quitting her full time J.O.B.

It only took me 2 weeks of looking to find these 2 duplexes with positive cashflow.Networth realty and Northwestern Aquistions are the only turn key companies I know.

I even went with 2 private REIT's with small positions just for fun.

It might be able to be done without even losing a bedroom, but even if it goes from 4 bed 2 bath to a unit with 2/1 and a 1/1 unit, the rental income (or sale price) should be higher than a 4/2 SFR in the area.That said I'm not sure if there's something I may be overlooking.It already has 2 exterior doors positioned nicely with separate porches and room to have cars parked on different sides of the house (it's on a street corner).I looked up the zoning regs for how the plot is classified and it is allowed by right (don't need to apply special allowances or rezoning) to have multi-family housing on the plot.The rehab would already have it gutted enough that the changes to plumbing and electrical would be easier.I don't have any idea how hard it is to get separate metering for water/gas/electric. 

I have been mainly coming up with homes that will reduce my current rent, but almost none that will produce a positive cash flow. 

@Jim K. sees the positives in things.

That being said, he passed away about 2 years before I began my Real Estate journey BUT his lessons about pushing myself, finding answers and taking action have never left me.

Either you haven't been completely transparent here, or you need to learn a bit more about how to improve your credit to put yourself in a better buying position.

It drives my returns up as they are constantly adding value to my capital rather than tying it up in a stabilized property...and I don't have to do any of the hard work sourcing and re-positioning the next one.