We were able to get financing through Legacy Homes, the terms are roughly 10 years with a fixed rate of 7.9% for the first 2 years then Walstreet Journals Prime plus roughly 4% (Kinda pricey after two years potentially), 10% down which covers the home, taxes and transport.I have a third home coming in tomorrow and then I will stagger them out. 

Is it a bad idea to rent out my childhood home for the time being?

Does anyone have any advice as I am just starting out on my real estate investment journey.

I hate when my PM sends somebody out to fix a toilet that needs a $0.75 gasket and they lie to you and charge you for a new toilet for $400.

What are the pros/cons of paying all cash vs taking out a loan for the first investment? 

The folks staying in your unit want a seamless transition to their new living quarters, and the person paying wants an easy way to cross out that line on their to-do list.

Reach out and let's discuss.

I currently have one single family rental in the Austin area that cash flows pretty good and has appreciated well. 

Gurus make a great living on selling and cashing out on pipe dreams that newer investors have.

Please reach out.