Some consistent areas of cost savings were the flooring and plumbing.

It has paid us back 5 times our initial investment in income tax savings alone.

I get your point on the rent part but in my defense, they are saving a ton of money by renting from me.

Should I seek out private money and face high rates or should I save money for a regular home loan instead?

The problem, I did a no money down VA loan, so I have no real equity in the home, and the amount of origination fees, funding fees, and seller costs would mean I lose on the deal unless appreciation saves me or I figure something else out.

@peterpham created a Meetup for August 14, at 7pm at Dineen Coffee Co.If you're interested in attending our very first Bigger Pockets - Toronto Meetup, be sure to RSVP here to save your spot:https://www.meetup.com/meetup-group-eRCXVbxb/events/253517472/

Having engaged in reading about rental properties, I proposed to my brothers that we each save $1,000/month from our jobs and invest in two multi-family homes in a year, and save the cash flow from those homes to buy more homes in the coming years.My older brother's preference is to take over his client's buildings.

When we moved in they had put brand new carpet in, But the place needed little things like door handles on doors and to be cleaned (it wasn’t cleaned professionally because G had her husband do it to save money).

@Caleb Heimsoth thanks, what are the best ways to come up with down payment money outside of saving it up.

They are pretty easy to get right now and they offer low rates and hope with you they will make much money off you eventually.You might should plan on Fix and Flip or Quick Flip right now in this economy and try to save all the money you can right now and getting into small apartment complexes are a better way to go.