A few come to mind already, but do any of you employ your own kids to work for your LLC? 

I am employed but have a desire to replace my income with rental income to fund my (hopefully early) retirement within 10-15 years. 

My 1% member has great credit, but low income relative to the asset.2.

The local area crime rate is low according to Trulia.com, but I've also heard many realtors laugh out loud at some of the information available on the popular web-sites.

So, if this was me, I would keep the rent low and take a percentage.

You may lose the deal if you try to get it for too low.

My wife’s income is low, and right now she’s been furloughed because of the pendemic so I don’t think we can do 2 loans.Anyway we’ll see how it goes Thanks again.And good luck with your journey.

@Chris BerryYes, that is one of the greatest tool for real estate investing.You can show it to lenders to get low rates and quick loan from reputable lenders.

We're keeping LTV low, taking more term on our debt than we anticipate needing, and have a plan that focuses on bringing the old leases more in line with the current average rates.We also run Downside scenarios to see what the numbers look like if we're wrong about room to increase or (worse) the market changes and results in vacancy going up and rates going down.Those are not pretty of course, but a large part of winning is being able to stay in the game.

Hey BP community,I know that the 203K FHA loan has been recommended several times for those that are just starting out with their first home (and possibly for those that are still in college and don't have the employment track record that they look for when qualifying) but I just wanted to know if there were any other loans out there that are comparable to this loan and what the differences would be.