cost depend on requirements from the state level county level to the local towns, insurance ie work and comp liability and depending may need additional coverage, some municipalities require the company to put up a bond to obtain a license, now the licenses, again depends, some states require town, county and state level license or permit to operate. equipment and tools, you buy the tools you use the most and rent the ones you use ever so often until you build enough capitol to buy them. you can start with as little as a few grand to 10s of thousands, all depends on what your looking to do and what the requirements are to get it going

Even if you obtain higher rents by providing them a lease option, I think this strategy would be rarely worth the hassle.

Good Morning Nathan,After you have acquired your personal residence there are sources where you can obtain a Home Equity Line of Credit (HELOC) for the equity portion of the property.Some sources require a seasoning period.

Olivia Boardwine I'm actually working on obtaining mine I think it helps that your involved in the industry to help you understand the process better and it opens the door to potential networking opportunities.

May invite additional costs to obtain new tenants.

To both Leo and DeWitt, thanks for sharing.DeWitt, as Canadians, we are experiencing difficulty in obtaining financing.

Is obtaining business credit a good way to acquire property?

If you bought multiple properties from the same seller you could obtain a title policy for the total purchase price but covering multiple parcels.

To make the question more clear: Can I buy a property with 5+ units and only lease out 3 of them in order to obtain an owner-occupied FHA loan?

This knowledge can only be obtained through increasing your knowledge (reading, networking) and experience.