Me and my boyfriend are good for it, but my brother just got out for second degree murder.

Wayne,My second deal was a major rehab.

That we can handle and will sleep much better at night :mrgreen: We plan on saving up again to buy a second one...and so on.

When the title search flopped, our second closing date slipped by.

My partner and I were looking at a house where the homeowner had gotten really weird with renovations -- walling off rooms to make two small useless rooms, taking down a wall to make one large useless room, and adding a second story addition that could only be accessed by a tiny spiral stair case.When we said this would be tough to rent out, she said: "Oh don't worry, you can always throw in a bunch of college students."

SOOOOOO I get NO value out of doing that very thing On second thought,it would be a waste of 500 bucks since the one I have works fine.Point is,,see how much real green costs??

The unit is on the second floor of a 2 story building, the building being only 16 units total

Second, each mortgage will put more debt against you, which will have to be covered by income if you try to obtain any additional mortgage or other loan.

And my tax pay to IRS is minimal since I am not working.We are thinking about buying a second property in southern CA as an investment/rental as we probably won't move back to the States in the immediate future.

If so, that puts another lender in second position, which will be tougher to find.