I think it is a great long term strategy.However, I am also a value investor and I follow Warren Buffet's methods and I only buy when I see value.

All in at 150,000, I'd have the potential to have the following income from four units.$725- Single Family House (Already Rented, Little Rehab Needed)$800- Three Bed 1bd/1ba Unit (15k rehab)$650- 2 Bed/1bath Unit 2 (15k rehab)$600- 2 bed/1bath Unit 3 (30k rehab)I can get a purchase loan from a community bank at 75% purchase and 75% rehab retroactive. 

BE VERY CAREFUL THOUGH - a bank may not follow this rule. 

Keep it straight forward and easy to follow the money. 

I just have a follow up question.  

Because if you pay cash for something, and need to pay it back, you want to buy it cheap enough where you can get a "cash out refinance" on the property after you fixed it up.Let's pretend your numbers are real.If ARV is $600,000 and you generally follow the 70% rule, you multiple 600,000 by .70 and get $420,000. 

Hi Folks, just wanted to say hello and follow this discussion.

The capias list for Housing Court is always fun to review to see which properties are allegedly (innocent until proven guilty and all) excessively delinquent.

The lakefront is a tremendous resource and Milwaukee needs to continue to bring back its downtown, then the surrounding neighborhoods will follow suit.

Hello I live on Oahu as a service member and would like to follow somebody’s footsteps/work with to learn how to invest and rent a property.