It's a breeze, the cash on cash return, while low in absolute terms, is crazy high (3% down + seller credits).

I have about 150k in my brokerage account I’d like to use wisely.

If your finances and credit are in good standing, it sounds like conventional would likely be the best way to go, if it’s your first rental property.

Two suggestions: 1) Open a savings account in your own name, start with $20 at a bank that does not have any monthly service charges. 2) Read Rich Dad Poor Dad.Good Luck!

I have perfect credit 20% cash down on 400k purchase.

@Jasmeial Jackson and Account ClosedYou both seem a bit naive about federal laws regarding this.The primary law that governs how institutions can use or share personal information about consumers is the Gramm-Leach-Bliley Act of 1999.

Example:  My option has a sales price, a monthly option fee credit, a 3-5 year timeline, and add the last year a Owner Finance option to convert to a refinancable note for to complete the acquisition.  

So I don't have to send them a certified letter stating the I want the loan that say inprogres on the app removed from my account? 

Settling on a tenant with a negative credit score, positive eviction history and zero bank blance just because you are scared to have a unit sit empty for a few days is a mistake (that I've made). 

It won’t affect your debt-to-income ratio and won’t affect credit score/history.