Quote from @Theresa Harris: The fact that this took 2 years is nuts. 

Side-bar: The concept of the LLC was formed so that investors could pool money together similar to stock holders of a corporation and create and entity that survives any single member, so that the business doesn't have to dissolve if one of the partners wants to sell or dies. 

Nick Harris at FIRE Realty Team in metro Detroit

Quote from @Theresa Harris: $1K per month in HOA??

This provided the resolve to learn to survive and thrive in some of Toledo's most challenging zip codes...areas I still own in and where I continue to buy properties.By 2010 I was back to work but kept investing.In 2017 I quit a full-time bonus filled day job position and focused completely on my real estate career (began property managing as a branch office of Stonehenge) (I'd like to comment that I also reflected I should have quit two years before I did but that's really just a reflection after I didn't go broke in 2017!)

UtahAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bancorp South, TX Lines of Credit on free and clear housesBank of Southern California, CABank of West (BNP Paribas) 60% LTV CA, AZ, ORBB&T will loan on a rental portfolioBBVA, now PNCBECU for ORBellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrsBMO Harris, 3 HELOCs to 70% LTVBoeing Employee Credit Union Cal Coast Credit Union, CA Citizens Bank -MiN, only in-state.

@Harry PI’m in a very similar position, moved from Boston in 2015 and started investing in rental properties in 2016.

Hi @Aric Yuji Harris - I'd guess you'll get some wholesalers contacting you due to this post.  

Originally posted by @Theresa Harris:@Antonio Cucciniello  IF you ran numbers on 20 properties and 2-3 resulted in >10% cash flow, that's pretty good. 

You (like me) don't *need* real estate income to survive; you're choosing to do it because you have an interest and you're looking to better yourself long-term.