We think the surrounding UNMC area is going to blow up even more than it already is with all of the new developments and added staff, so we decided to deck this house out and BRRRR to keep it as a long term rental for Doctors and medical staff.

Dear BP,I moved back to Los Angeles earlier this year after spending a decade out of state for medical training.

Before jumping into this, I'd get together at least a decent emergency fund for the property, maybe 10k.

It also helps you because you need less liquid cash for emergencies when you have a HELOC that can be draw against when needed.

Deliver pizzas, get a side hustle, get a second job, sell all your junk, do maintenance for a larger investor near you, work weekends doing leasing at an apartment complex...do something to generate income and save that down payment and save 6months of income for emergencies. 

I got medically discharged in September. 

I am posting this now because the most recent scourge of fraud I experienced was related to the holidays…7 Hot Fraud TrendsCommitting ACH fraud (doesn't require hacking anything, super easy to do and closing your account won't automatically stop the fraud)Hacking medical facilities such as doctor offices, dentist offices and urgent care clinicsHacking moving companies, mortgage loan providers and utility providersArmed with the information from #2 and #3 (sometimes using much less information), thieves can then take over your credit agency accountTaking over your two-step verification and/or account recovery information (because you haven't set it up yet)Subscription services and purchases with common companies like Apple, Amazon and VerizonCommitting fraud during the holidays and/or when you are moving and/or looking to buy a new house.

Sometimes rates have seen as much as 3.5% increase year over year especially within medical and industrial. 

Medical issues and need to live with a relative.

I have enough money for a solid down payment but NOT the full 20% usually asked for without risking some of the emergency fund for the apt (I'm aware of PMI) The location of the apt will be in Hialeah, FL.