Keep saving as much as you can.

I really like the idea of pulling my capital back out and recycling it, which is why I like this option a ton. 

Brokers can save you money by ensuring you get the best rates/terms, not to mention time savings and surety of close.

@John Dehn I like your idea of offering it as a closing credit, even if you aren't responsible for the charges, if you want them to buy the property that could be a good incentive to move forward with the purchase, it may seem insignificant relative to the purchase price, but small psychological things like that can have an impact on people's decision making. 

In some cases, it may even generate positive cash flow, allowing you to save or invest the extra income.Build Wealth: Over time, the rental income from the basement apartment can contribute to your overall wealth-building strategy.

That said, I think Cullman and Foley were much better ideas for appreciation plays. 

I was recently laid off from my job and have three issues: 1) No way to get a conventional mortgage 2) Need a place to live, and an advantage: sizeable savings on stock, bonds.I want to start investing in RE (ideally multifamilys), but for now I want to start small: buy a condo to live in, and [whenever I buy a multifamily I could move to] rent it.I would like to evaluate my high-level strategy, and get your comments:* [Soon] Get a "securities line of credit" worth around 15% of my savings.

We have flirted with the idea of section 8 tenants, but are leaning towards a more traditional long term rental plan.

He asked me for numbers, but I have no idea what would be equitable for something like this.

If you are interested in talking real estate investing and digging deeper into any of these ideas don’t hesitate to reach out!