The drawback would be if you only make minimum payments, the balance will never decrease.

Doesn’t make any sense.

That’s the most direct path to getting comfortable making investment decisions, alongside connecting with a few local agents in your area. 

So yes I think this is a good deal, not sure how many partners you have on this deal but I think your decision depends on how much each of you need to make on the deal for it to make sense and how quickly you all want the return. 

Make sure the bedroom has legal egress in case of a fire, either a legal sized window to the outside or a door. 

While Ohio and Texas are good options, Tampa's balance of affordability, growth potential, and rental demand make it a fantastic choice.

The lot is big enough to where I may be able to make it a legal triplex but I'd want to explore both options.

Hey there,I'm interested in utilizing private money lending for financing while I save up to use my own capital along with Hard Money Lending.

It's close to Columbus, which means you've got folks who work there but want more affordable homes, making it a solid market for rental properties.

It took lot of money and we went overspending on the property more than the appraisal value.If we sell the home we will end up in loss.