You're goal is to use your small deposit to be able to go to a bank and get the biggest loan you possibly can.

I'm just curious as to what your biggest problem(s) is as someone who's just starting out in REI?

The cost of the paint is almost never going to be the biggest issue.

Worst of all you aren't building any equity...which is one of the biggest benifits to home owning.I could be 100% wrong, I know I don't have all the details but in general its a fairly risky type loan.If you are absolutely certain about being out of the house in 3 years...an ARM might be a better option, as someone else suggested.

I always heard getting the first deal out the way is the hard part.my biggest holdback is fear.

The biggest building I currently have is a 6 unit.

Most underwrite to the same guidelines put out by the same end investor who buys these loans.One of the biggest hurdles now is their landlord experience requirement.

Even the biggest dump around here would get $450, and that wouldn't include water.

Does anybody know what the downside of this would be?

In Mobile, AL, 10 days ago a German company called Thyenn Corp Group or somehting like that announced they are going to be building the biggest steel plant facility in the country, and will likely be the biggest in the world.