Purchase price: $585,000 Cash invested: $10,000 Utilized A&N's 5% down multi unit conventional option prior to the 5% down option becoming widely available.

you are buying both if you need to purchase both.

Purchase price: $551,050 Cash invested: $12,000 Utilized the new 5% down conventional option.

Did you hire an inspector when you purchased this property?

The best way to get started here (or anywhere) is to start by purchasing your own primary home because it's easier to qualify for the loan and it gives you a chance to build equity and you can purchase more house with a lower down payment.

The property was originally purchased in 2004 for $173,500. 

My short-term goals are to purchase one property a year for the next 3-5 years through house hacking but I am also interested in learning about and pursuing other strategies in real estate investing.

A foreclosure purchase is typically done at an auction.

My partner and I use the subject to language from the AIR CRE forms as an addendum to the REPC - UtahSubject to language for purchase offer - Utah REPCBuyer(s) shall take title to the Property subject to the following existing deed(s) of trust securing the existing promissory note(s):(i) An Existing Note (“First Note”) with an unpaid balance as of the Closing of approximately:Said First Note is payable at $_____________ per month,Including interest at the rate of _________ per annum until paid (and/or the entire unpaid balance is due on ___________ (date).

The advantages are twofold - you secure favorable financing terms for your primary residence, and when you're ready to move on to the next property, you have the option to turn your initial purchase into a lucrative investment.