.$20K is definitely on the low side so your options for fining a note in this price range will be limited, but it is not possible, there are some out there... just be sure to do your due diligence and make sure that the underlying property is not a piece of crap, be prepared to foreclose in a case of a default and become the owner of that property.

We got the property under contract 4/14 (the day after it was listed), and were set to close 5/14.We were really excited that our mortgage company told me the asking price is under the FHA limit for a triplex. 

These can be a very powerful secure part of your portfolio. 

This includes the vast majority of residential landlords who own their rental property as sole proprietors (who individually own their properties), limited liability companies (LLCs), and partnerships.

If a tenant repaints walls with neutral, nice colors and does a good job, without damage to the house, more power to them because it saves me a paint job.

But I read the deed and it says if anything happens to the property I give him the money from my insurance company and he’s the power attorney of my property until it’s paid off.

The months for building are limited.

I have two questions.1)  How do I maintain limited liability on rentals if they are in my personal name?  

It may limit you on you choices of where of the type of place you want to live depending on the market.Sfh and townhomes also give you a great opportunity to learn to be a landlord without having tenants knocking on you door.

And when mixed with the power of compounding, real wealth can be generated from a relatively modest investment.The real return on real estate is not always easy to see, which is perhaps why investors do not pursue it as actively as investments in equities or fixed-income instruments.