It was definitely a buyers market at the time.

@Trey Hedrick Definitely agree, 80/20’s and 80/10/10’s were a big part of the meltdown 10 years ago.Lots of times the 20% second mortgage is a variable rate, so use caution.

That said, I would definitely not hire a PM- this is exactly the type of seasoning a new investor needs.

I would definitely recommend myself and @robinbirdrealty

I would definitely recommend myself and @robinbirdrealty

Anecdotally I have had lenders tell me outright that FHA lending guidelines frown upon this practice more than a conventional loan.A lot of lenders do have 3-5% down conventional loan programs too, so definitely weigh the options and the costs...as well as the potential future tax implications of the decision.

@Constance Rahming you definitely don't want to be paralyzed.

Here's a 12 step plan that will definitely help you get your SH*T together and get you moving in the right direction: Educate yourself.

Here's a 12 step plan that will definitely help you get your SH*T together and get you moving in the right direction: Educate yourself.

Thank you for these articles, I will definitely take a look at them.