FHA Loans: Usually requiring only 3.5% of the purchase price down, FHA loans provide a reduced down payment alternative.

Because you are renting out part of your home, you are able to typically drastically reduce your housing expenses, and therefore you can build up your cash reserves so much faster than most people can so you can go out and buy your next property. 3.

Most that try it lose their shirt or eek by with returns until they can finally build enough capital to sell off and move into less intensive assets.If you do try this you might want to start really small and something close by so your risk profile hopefully is somewhat reduced in comparison to your overall net worth.  

Everyone always knows where to find it.Things to include: Water shut-offGas shut-offBreaker panelAir Filter size and locationWater filter size and locationSprinkler instructionsPhone numbers to utility providersEmergency phone numbers (fire, police, poison control)City Code Enforcement (complaints about noise, parking, etc.) 

This includes the ability to prepare 1099s, budget and track mileage and expenses.

I haven’t even included all the liens that could somehow go undetected.  

Just include them with the rental.I don't charge extra to use my Kayaks.

If seller fails to reduce price then seller will reimburse buyer for cost of inspection

you're not including all expenses - if you take it over sub-to and pay the seller $500 a month you'll be significantly negative and not break-even

Similarly, there's a divide on whether taxes should be included or not in determining NOI.This lack of consensus has left me scratching my head.