Most want 20% skin in the game.  

However, that's a class C duplex.What market are you in?I

I think the number one issue most people new to the game struggle with is how to obtain money to fund their deals.

Many new investors start off "too hot" and end up overdeveloping their first property or spending their money too fast - either of these behaviors will preclude you from achieving even your short-term goals and may knock you out of the game.

The numbers above are with very conservative rental estimates on all 4 units (including the one we would be living in) I thought it would make the most sense to run the numbers as if we were renting out all units.

Many new investors start off "too hot" and end up overdeveloping their first property or spending their money too fast - either of these behaviors will preclude you from achieving even your short-term goals and may knock you out of the game.

I'm interested to hear how it works out for you, the financing end of the game always seems to be where the money is made.  

Now that I've (most likely) secured a good SFR for the family to live in, I too can start focusing on the REI business.Good luck!

Hi Everyone, My name is Heidi and I am completely new to real estate, as in I have ZERO experience :) I work in a real estate management company and I deal with various investors so I decided I would love to explore this field on my own.

I would never accept a tenant on the promise that they will "quit" smoking without considerable skin in the game.