I'm a Radiographer In military manufacturing and put together a budget so within a couple of years I want to take the jump into owning a property and renting it out.

Can't control flow of leads, so I quickly hit a ceiling with it, and Zillow takes 40% OUCH!

Call them to let them know your loan status, options, intentions, and possible outcomes.

Thank you ALL so much for the input.That makes sense, and without the huge minimum payments per month I'll be able to build up cash reserves really quickly to invest.

The Arbitrage unit that we operate is owned by a friend, so we probably played a little fast and lose with our agreement with her. 

So, I ended up paying $110,000 for a $140,000 equity in the note.

Recency bias gives greater importance to the most recent event, such as the final lawyer's closing argument a jury hears before being dismissed to deliberate.In 2021 and 2022, recency fallacy told us "keep buying short term rentals, because they have been going up and will continue to do so.  

Thank you so much!

So, I'd prefer for them to stick with me as I do want to invest in another rental every 2 months or so with the same structure listed above. 

Plus, forming and dissolving LLCs is pretty affordable right now, so why take the unnecessary risk, right?