No mortgage paid= they lose their home.

How Technology Changed My Real Estate Business in the Last 25 Years25 years ago I decided to “formalize” by hard money / private money investments and start an investment fund and syndicate these note opportunities.

It was hard to say goodbye to my babies I started this journey back in 2006 (18 years ago) The truly sobering thing about this event is that I was able to achieve these same financial results in ONE year with my first larger commercial deal; and replace my wife's income with that deal.  

We started off on a good note with the tenant, he paid his rent on time, and so we didn't have a real reason to get too involved.

We are looking to invest out of state, and we have small cash to start.

This may be a good start. 

I have already started researching Andy and reached out to Justin too, thanks for those contacts.

In my opinion, it's THE best rental to hold in a landlord/investor perspective, AND it is the most complex and detailed to start into. 

When we started, we broke even.

Of course the bank says "no problem", I start the process etc, then after credit pull and everything state "thing's have changed and you cannot own more than 3 investment properties" so now I'm at a standstill and they want to push me to commercial side, which in this case is requiring them to take my first and have to refi the balance and lose my rate and then tap a HELOC afterwards at commercial terms.