Congrats on the property purchase.

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@Michael Baum @Carolyn Fuller Thanks for sharing the information.

Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.

Purchase price: $505,000 Cash invested: $55,000 Sold our first condo and used the equity as down payment and for a couple upgrades on this this single family primary residence / house hack.

I have never purchased a property in LC that does not cash flow. 

This was great information.

Purchase price: $36,000 Cash invested: $50,000 Sale price: $275,000 Bought a house, fully intending on living there.

It was a sales contract with, after 9 legal pages of irrelevant information, had a couple sentences added about her commission.I rejected the document, and asked her to provide me with a Property Management Agreement.She then sent me a "Confirmation of Agency Status" one page contract.

Hi there;  one way that has worked for me is to create an account with my bank ie: If I purchased a 4 unit at 1014 Lincoln- I then would open a bank account called Trust 1014.