It is my belief that the reason for my hesitance is the lack of first hand experience and behind the scenes type of knowledge.I am here to offer my time and assistance for any active Investor in the Kitchener-Cambridge area to allow me to tag along and witness first hand how the magic is created.

But the rent from the other unit will allow you to control a more expensive property for less money than it would normally cost you if you didn't have that rental income, like if you purchased a single family house.That being said, you may be able to achieve the same outcome purchasing a 3/2 single family house for $260k and renting out two of the rooms for $500/each.

A quick bio about me: I’m 40, work in waste water, want to leave the rat race, and I will achieve my goal.

I'm also new to REI and trying to learn as much as possible - this book breaks everything down with actionable steps to help achieve everything else I'm reading/listening to!

I, along with my team, help these people achieve desired returns through our real estate investing decisions. 

It's going to be tough to achieve significantly positive cashflow in the short term in the LA market without putting a lot down.

Our particular mortgage officer just happened to have first hand experience doing a previous deal from an IRS seized property.

With this structure we have not been turned away from lender because we are Canadian, but have found an increased difficulty with refinancing our rentals with ARV of $60,000.We have a couple more lenders we are talking with, and have determined that by packaging our two SF rentals together to create a combined value higher than $100,000, we have achieve refinancing. 

One might choose to undercut their competition slightly, but only enough to lure enough renters to 100% occupancy, even a 5% undercut would likely achieve that.In other words, you should have good reasons not to buy, reasons that outweigh the fact that if you rent you're not really saving much money and you're buying the property for someone else.

They will be able to give you advice on specifics on how you can achieve your goals!