Apply for at least 3 cards and stop there.

When do you stop saving for repairs? 

Would you find what you hope is less stress or take care of business and hope it stops?

Good luck with your real estate ventures!

Personally, I have stopped making any loans to owner-occupants at all due as the complexity, cost & risk do not justify the return IMO.If you are dead-set on helping your relative, I think the safest thing to do would be to GIFT them a PART of the down-payment they would need to get a BANK LOAN, with no expectation of getting paid back - you can make an agreement with them that they will pay you back, but know up front that there is probably a greater-than-even chance they will not, and accept that it is really a GIFT and any payments you get back are more than you expect, and "nice to have".

Man when is the war on drugs , going to stop people from being ridiculous...Marijuana is now legal in some form or fashion in 23 states.

What we really wanted was some tenants to stop the house being killed.After a year of 2/3rds of rent, but the house was kept immaculate, they got on Section 8.

But as mentioned earlier in the thread, if that's the type of cap rate you're looking for I'd much rather focus on Jersey City close to light rail stops or Bayonne NJ, because those areas have added growth potential that Newark does not, in my opinion.

They stop yelling and go off to figure out what this means. 

The tenant had the toilet placed and the angle stop started to leak.