And - really shaking my head on this one - why would you NOT be looking at notes and other types of investments that could not only be something for your money to do while waiting for their next outing as a down-payment on a rental but could actually speed you to that destination by growing your money pretty predictably?

Didn't actually get someone to look at it yet.We want to  use our HELOC which is currently being used at 60k and available amount of 300k.

I actually stumbled onto the podcast before the forums, and am lucky to have found such a great community and resource!

I'm really excited, though, because I pulled the trigger on actually going and looking at a property!

I will need to run electricity to the garage from either the 1st or 2nd floor tenants electrical service (just to work on the property, not actually putting electricity permanently in the garage).  

Then you need to get actual comps to estimate ARV of property, Zillow and Redfin valuations are not accurate.

@Grant Swartzentruber  Hey Grant, we actually back out of that deal because it was too far away from us.  

then IMO it's perfectly reasonable for an agent to charge a per-showing fee.By contrast if you're actually all lined up and ready to rock, then this would be unusual. 

Have you looked at actual sold properties for your multi family starting price? 

Our only thing stopping us at this moment is that we are currently doing a complete gut and renovation on our personal residence, (that should be a flip but we actually want to keep) we are putting all of our time and money into it.