My wife and I are just getting started in the REI world and we’re pretty excited.

It pretty rough out here for buying and holding / house hacking for 2-4 unit - it’s highly unlikely to have a cash flowing property right off the bat even with putting 20 % down (and also as a house hack) unless you find a place in the boonies and commute in.

I found the property, financed it, and spent a half-day doing the below list of fixes which amount to pretty much nothing if you ask me: installed new white trim/base boards under the kitchen countersSwept and moppedCleaned counters, sinks, bathroom, bathtub, windows, and so forthNew caulking here and there.Cleaned backyard a little. 

If you’re in need of that much, even higher HELOC rates are still pretty reasonable as compared to hard money anyway.Best of luck!

It seems pretty straighforward and a sensible question.I'll be investing starting in August when I have access to my employee 401k, which I will roll into the Solo 401K I have set up.

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Our town/county is pretty strict on multi family owners but much less ridiculous on the sfh landlords. 

Pretty strong economy.  

Well i spoke to him today and he agreed to me paying off the rest of the house for him (16% down) and then I would pay him the rest of the “mortgage” (technically it’s already paid off but I will be paying him until I hi 300,000) and he is also willing to do a pretty low interest rate (not an investment property) Now what did you mean by financing?