We have the oldest housing stock in the nation, so it's hard to find newer projects.  

But with a PM this is much more of a passive investment, just like stocks or bank CDs.  

Hi all,I became an accidental landlord when I couldn't sell my house and was lucky enough to rent it out to a friend and I am just breaking even, but buying down the principle.

As great as the resources I mentioned are, the drawback is that the stock is limited and most of the time it is a one and done purchase. 

That cost me a couple thousand on one deal.The broad principles governing liens (like foreclosure on first lien.mortgage wipes out second mortgage) are consistent across the country.  

I remember I bought some stock years go for $18K.

I've been out of the mindset of real estate investing for the past 1.5 years as I've been focused on saving / investing in stocks to save up on a down-payment so I'm rusty on my real estate knowledge and therefore hesitant to jump into this deal.

It is lunacy to pay off tenants There is no argument on the principle involved.

Travis Hester I would probably do a cash out refinance.Here is an example of what this could look like if you have a 760+ credit score with one of the lenders I use:30-year fixed at 4.75% for investment property$125,000 appraisal value$87,500 loan amount (70% LTV)$2,900 closing costs, including lender fees + 3rd party services$456.44 monthly payment, principle & interest onlyThe HELOC uses a variable rate, and that’s why they are best used for short term deals such as a flip.

I initially went the stock market route, and I've enjoyed learning about that, but quickly realized that it takes a lot of money in the stock market to make a lot of money.