It might be a slow time of year for new leases but we rented an exec rental last year this time---cross country move, being under contract with a new home, etc. and I'm sure there are others going through transitions during this time of year.

I am self employed, but have a full time contract with a GC who also does 1-2 new construction homes a year and owns over 40 rental units.

So, student forms LLC, LLC gets property under contract, parents lend money and/or credit through a guarantee to LLC (and co-signor on note with lender) with promissory note and mortgage (will be second position behind commercial loan) back to parents, LLC closes on property, student manages property and makes payments to commercial lender and parents (which would rapidly build credit for him and the entity), and onward they go.

Hey BP,I have a duplex under contract which is being sold by an elderly woman who Is living in the larger of two units.

Airbnb here is great, but it's very labor intensive unless you contract out the management side of things.

This is correct, OP.If you want them both then you can certainly negotiate them as a package, but the residential lender will want two purchase contracts, two appraisals, two escrows, etc etc.

Matthew Paul Ideally best to keep looking, assuming that you have the capital available to take on a second deal.You can always get the property under contract with a goal to close once you are done with your current rehab.

(I have no problem throwing in some sweat equity, I've done all phases of construction) Or what about a land contract type of deal?

Casey, It is legal nationwide to wholesale however make sure to get all purchase agreements/assignment contracts reviewed by a local attorney to ensure you have the proper verbiage & contingencies.

I realized that simply earning money following Jeff's advice across different part time jobs and investing wisely and networking with other folks is the way to go.Yes indeed many wonderful folks in this forum are right.. you can network with others to help you get the house.. where for example you can be the guy with boots on the ground, while investors provide passive income or partially also be a bit of both active and passive... type of investors... where for example some of them can help you analyze deal and get it under contract...