What I did do is write a seperate agreement and worded it as though she wasn't able to come up with the security deposite, so I allowed her to move in and she agreed to pay me "what she could afford" which was $115 month until the balance was secured..I never gave her a receipt for her security and I ONLY HAVE A COPY OF THIS.

Would one additional property make it increasingly difficult to do so?

The greater lesson is in creating systems with checks and balances in place keep you from getting screwed by people's greed.

That and educating yourself via reading, learning from others (here on BP as well), and putting into action what you have learned.It is very difficult (not impossible) to jump full time into RE particularly without a job.

Nathan, I would be cautious about buying 1bd. rental units, limited to singles and couples without children, difficult to keep rented in my market.

I really need to get a plan together and build my reserves at the same time as I keep growing, but it is so difficult with a full time job, 4 teenagers and a 3 month old baby.

I can't tell you much, but I know my attorney who closes my deals for my foreign investors told me for the purchase side nothing is different, and it's quite easy.For selling it is a bit different, though still not too difficult.

You don't say what your balance on the current loan is, but HELOCs are drying up as lenders as afraid prices are going to continue to decline.Cash out refis on investment property are limited to about 70% LTV.

It is becoming increasingly more difficult to make $ investing in RE utilizing creative strategies.

Is that difficult to understand?