@Jason Park hit the nail on the head in terms of "it depends on your goals".

So to the degree you can narrow down your buy criteria, the better off you're going to be.

I wish I could swoop down and rescue this property from this inevitable downward spiral.

Played this whole 'I'm just a laid-back guy looking for a place to rest my head while I teach these kids history' on some Coach Carter ****. 

- $500,000 Purchase Price- $0 Down Payment- 4% Interest- 30 Year Am- 10 Year Balloon- Monthly payment: $2,387Business Plan: Convert to 44-pad tiny home (tenant-owned) community that will cash flow ~$20,000/mo and be worth ~$3.5 million!

We recently bought and rehabbed a standalone Philadelphia townhome - the city knocked down the townhomes on either side about 5-6 years ago.

It gives you valuable experience as a landlord firsthand which will be helpful down the road when you consider a BRRRR strategy with hard money.

Your experience flipping houses and your interest in rental properties are impressive.You're heading in the right direction, and we're excited to help you reach your first deal and beyond!

I gave them $16K down over several payments then recently borrowed $14K from a private lender to pay off the balance.

With 30 days' notice, he's still moving out 2 weeks early so in some ways that gives you a head start on some of the things you need to do to get it ready for the next tenant.