If she is current on rent - and especially if not - start the eviction process under “quiet enjoyment” if your locality allows it, or under anything else you can factually claim, ASAP.The fact that she has not been arrested yet is likely only because a case like this goes from the victim (1) learning about the crime, (2) contacting credit card to confirm, (3) making a police report.

If your on title you could also pull a HELOC aka a home equity line of credit.

I guess my question here is, is there any difference down the line (I plan on buying more properties in the future) with having a Portfolio loan vs a traditional loan when applying for new credit?

Old buildings where landlord pays water I take 60% of expected gross income off the top in expenses.This does not include immediate deferred capex which would result in a further price reduction or credit from the seller to purchase.If property was full I would look at the loyalty factor of the tenant base.

It's completely up to you the amount of involvement, renovation, risk tolerance you have with likely low income or credit challenged tenants.

I have a great credit score and I am willing to do some of the minor contracting work (painting, retiling and landscaping) by myself as I don’t have a family and I am currently house hacking with other lieutenants and I’m essentially only paying 300 dollars or so to live in my house every month while still paying equity on my mortgage.

I've heard of (1) another investor who has private lender financing to fund 100% purchase price + light rehab + furniture with 5 year term at 10%, (2) someone else who has an institutional line of credit for similar projects at 7.5%, (3) another investor who was able to raise a blind 10 yr pool of money for corporate housing properties at 6.5%.

I have a great credit score and I am willing to do some of the minor contracting work (painting, retiling and landscaping) by myself as I don’t have a family and I am currently house hacking with other lieutenants and I’m essentially only paying 300 dollars or so to live in my house every month while still paying equity on my mortgage.

My friend with just under 30 sfh in Texas requires first, last and security of her low credit score tenants, and they come up with the money.

We have about 150k in savings and together make about 90k/year and have a good credit score, but this self employment thing is holding us back!