My and story: Establish small rental business that I can leave to my children.

Second, if there is truly a title issue (which has certainly not been established yet), your seller should immediately make a claim under their owners policy.

So if you want to start establishing credit then do that now, but if you have a property in mind or want to start investing right away then DO NOT start establishing credit as it may affect your approval. 

I can see the current bank you're using telling you that, however if it's a different bank, typically you're getting a new loan and the new loan with a new bank requires an appraisal to establish the value of the property.

.- Despite having good, established tenants, I would expect vacancy to be higher in the long run. 

If you stick to older established families with multiple dogs, that is the sweet spot.

It's very much a function of time (or already established wealth).

Hey Gavin,When you're first starting out, you want to first establish what your investment strategy is going to be.

In this established industry, it's customary for a passive investor to earn 70% of the rewards and the manager makes around 30%.....but they have to have a proven track record before they can get that investor to trust in them.

@Joseph Philbin Creating long term wealth is established through creating cash flow.