You can also look at triplexes and fourplexes pretty easily if you are flexible with location given the funds you have (and the lending on this is very straight forward). 5+ units are even an option - it is all just about what you ultimately are looking to achieve!

We put it in our properties, and water damage happens very easily with bubbling and it looks terrible quickly.

All I know is that working Real Estate part time for my clients could turn into a great retention strategy and, in turn, may help expand my business. 

You can take the $20k use towards a down-payment with an investor loan, probably have a few dollars even left over, the purpose of the operational turnkey is that you can expand your DTI / income, the lender will assume 70% of the gross rental income towards your existing income if you have a purchase that includes an existing operational lease.

Can you expand on why Lakeview is your focus of 2016?  

I want to expand my ownership in other states and on the East Coast where I live.

Hello BP,

I'm cash flowing 3 rental units, owner occupant of 1. Just ran the numbers with my mortgage company to cash out refi up to 75% in order to round up capital for next investment. Numbers are listed below, let...

Failure is a part of growth and I intend on expand my business for my BIG family and to live life on my terms.

You could easily get all lower end SS appliances at you local Sears Outlet for around $1500 to $2000 (fridge, dishwasher,stove) The counter space is small.  

I have been driving by parks that easily are twice that price and alot of them are in pretty dicey areas, i.e. no jobs, drugs, cars on blocks etc etc.