That's going to impact the likelyhood of achieving what you're looking for.

And let’s presume the location is ‘mid-tier’ and we can achieve a monthly rent of $1,500.

I believe the property was appraised at $650k but the owner is motivated to sell and after 2 sales falling through he wants out.Youre thinking hard money might be the only way without bringing on another investor with more capital?

And I am always refining it, a continuous work in action striving to achieve the mirage on the horizon called "perfection". 10% for PM is a nuts figure, FYI.

At this point, I don't know if I should continue looking or go for a conventional loan and buy a cheap SFH live there for a year, move out and rent it, but that would mean that I have to pay the mortgage for a whole year and that would prevent me from saving as much as possible for the next investment.Basically, my plan is to create a new source of additional income and I believe real estate is a good way to achieve that.

I analyze a deal a day and I'd consider myself to be motivated to learn new things.

Long-term leases are the foundation of why our clients are achieving consistent passive income.

Determine if they are even motivated to sell, sounds like they may not be, but circumstances change all the time.

My goals are to connect with as many other people, investors, agents and friends on here as possible and through real estate, achieve financial freedom.

I have a brother that has recently gotten into real estate and he is my primary motivator in starting this journey, hearing what he has learned and the potential that is out there.My question is I have some equity in my primary residence right now (approx $40k).