That's great information - I think my preference is to not do student rentals at least initially, so I'd target non-student (or graduate student) rentals.Tim

You need to mask and check with your preferred lender as some banks can require more equity then the standard 20%.

We can still fund a deal with this type of structure although the funding fee increases, That is why #1 and #2 are preferable choices.

I'm currently expanding my role as landlord jack-of-all-trades in an attempt to take advantage of my nights, weekends, and the skilled labor of people who have done work for me in the past, but don't have the infrastructure in place to formalize their own business plans and processes.Frankly, I would prefer to be a contractor full-time, but I haven't yet built up the pipeline I believe is necessary to allow me to quit my current W-2 job.

We also anticipate syndication in our near future and would like someone with experience in that area.Our preference is someone local to Cincinnati, Ohio or Northern Kentucky, but we are open to someone remote if they are a good fit.

And don't be pressured by the Seller to wire your closing funds in until you've been assured that this has been sorted out.  

just because a property is zoned is not a green light and an assurance you can do what your describing.. it helps but that is just the start.. and what your talking about is what we called in the old days 4X4 ing... most places don't allow that anymore they will allow one split them make you name the last parcel a remainder.. ( like parcels you will see at tax sales.)But I did do a 7 lot split in North Charleston in SC and it was VERY much eaiser than anything west coast.

Is there somebody on BiggerPockets that knows someone in Seattle or elsewhere in Kings County (North Seattle area preferably), Snohomish (Everett, Marysville, Lynnwood, Monroe), Skagit (Mt.

Prefer to buy distressed for cash and BRRR.

I started renting from the seller, with the assurance that in 3 weeks we would close.