I'm going to be utilizing professional property management for my very first property, but I haven't noticed them using facebook for their portfolio.

You can live for free in a unit with all utilities paid for.

As an aspring real estate investor interested in buy and hold rentals, I've spent a great deal of time thus far leveraging the numerous BP resources and am now looking to upgrade my BP membership to fully capitalize upon the great tools and utilities available.My question to the group: Would you suggest Pro or Plus?

This is an extensive question and a lot of variables can come into play.

I'm looking at putting an offer in on a property utilizing an FHA loan.

3/5/2019Sherelle – thanks for the post / questions and outline Fyi – there are some conventional loan programs that allow a 3% down payment ….I would recommend using this program versus a fha loan program if possible …this is because with a FHA loan the monthly mortgage insurance remains with the loan permanently and with a conventional loan – you should be able to eliminate the mortgage insurance in the future ……Also – if you use a FHA loan for the first home - using a FHA again for next property might be an issue …..you allude to this in your question #2Regarding cash flow analysis ….other items to factor in : utilities / property homeowners insurance ( this will be a little higher when you live in home and should decrease a bit once you convert it to a rental policy / are there any deferred maintenance issues on the house ( roof / furnace / water heater / foundation are the bigger tickets items to watch Definitely get pre approved so you know for certain what you can afford and also so you can begin becoming more familiar with the numbers …we can assist with this if you want - contact us Thanks and I hope this helps Dave Skow 

The whole idea is to get in "light" - with as little cash out as possible.Purchase price: $80Kdownpayment: 20% ($16K)seller gives you $30K rehab creditCash at closing: $14KOwner 1st mortgage: $64K, interest only, 8% ($426.67/mo)Maybe negotiate to refi in 2 years or 1 year with a one time extension of 12 months with a 1-year advance on mortgage payment ($5,120).With that mortgage payment, and if you can indeed rent both units at $825/mo or $1650/mo total, you will cashflow from the deal even with the 50% rule.I would suggest though that you put the deed in escrow to be sure the owner does not walk out on you and get your downpayment and a renovated property at your expense.

A home inspection will find foundation problems, extensive roof damage, and mold.

I was hoping to get some advice on how best to utilize my savings.

Large utility room with space for shelving and full sized washer-dryer.