I  found the entire discussion very interesting, so here is my contribution, although a bit late.

This typically requires credit in the high 600s, roughly 5% of the purchase property of the home to work with, and steady W2 income that can contribute towards a mortgage payment (many lenders require your estimated mortgage payment to be less than 45% of your post-tax income).There are caveats around a lower credit score, such as going the FHA route - 580 is required.

I added value to the deal, by verifying information, and coming from a place of contribution.

These have all been factors that have contributed to a steady and growing base of renters between college and family.

Interesting read here and great contributions already.

All this makes sense except the example they use illustrates the point by saying the investor puts 40k into his 401k, how is this possible if the max contribution is 19,500?

Thanks to anybody who contributes their input, I know it's not a substitute for legal advice but specific info like this on OZs seems to be pretty hard to find.

Thank you all for contributing.

I brought about 5k to the table to close and will contribute about 15k in renovation costs as well.

I brought about 5k to the table to close and will contribute about 15k in renovation costs as well.