If the interest on the credit card is NOT zero%, you better off paying it off.Actually, it's beneficial to have few credit cards - let's say 5 of them with $12K limit will give you $60K.

Some have limited title seasoning and others require 2 years and still others have limited seasoning on cash to close while others inexplicably follow Agency guidelines.A good mortgage broker will be able to guide you through the morass and structure your loan accordingly.Best of luckStephanie

Investing with no savings, no income and no credit is not realistic.I would advise you concentrate on establishing a good solid employment income and living a frugal life style to save every possible penny.

I am approaching this casually at the moment, but it seems that the number of multi-family homes in the Phoenix and surrounding areas are very limited -- I guess it's a difference of culture or the fact that land is so cheap in the southwest that there isn't much demand for a duplex/triplex/4-plex.At any rate, I'd like to hear from anyone who has invested in this region.

I will in 20 yrs though when they’re all paid off by my tenants.Goal is to pick up extra shifts, keep buying/accumulating rapidly for cash flow before lifestyle creep sets in and I have to buy a mansion and a couple Teslas.

Our multi-family inventory is indeed extremely limited. 

There's a lot that can go wrong throughout a transaction and a good agent will do everything they can to not only negotiate for you, but limit your risk and keep you protected. 

It is my understanding that tenancy in Maine is 30 days or more so we limit short-term rentals to 25 days or less and require a lease be signed for anything 30 days or more.Last winter we had tenants for 5 months in one of our rental units.

Many other factors come into play, such as the rent/sq ft ratio (the higher the better) and whether it's in or outside of city limits (and city taxes).

I do not want to limit myself to deals in the local marketplace because my local marketplace is extremly competitive and expensive and I wish to go out of state to not limit my pool of deals.My question is: I set up a wyoming LLC (because everyone says its good for protection).