I highly recommend that you utilize a low down payment loan (preferrably 5% down since it has less closing costs, you can get out of mortgage insurance once you hit 20%, and you save your FHA for another purchase) and move into a 3-4 unit property.

Purchase Price: $39KRehab Cost: $32KARV: $100K  As you can see from the pictures, We redid mostly everything here; Windows, doors, flooring, kitchen, bathrooms and drain tile in the basement. 

Purchase price: $81,000 Cash invested: $210,000 Nearly full-gut rehab in the Captain's Landing Subdivision.

When you rent a home you normally have to get a credit check so it makes sense that someone lending you a lot of money to purchase a home would also want to see your credit history.

EMD can be paid online.

So the most important thing when purchasing any property is location.

I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about.

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes".

While specific rental data might be scarce on platforms like Rentometer, local real estate agents, property managers, and online rental listings can provide more accurate rent rates and market trends.

I am looking to pull out about $100k right now in order to purchase some investment properties.