@Holly Thorsen see above for potential challenges tapping your equity in the rental.You only need 5% down for a regular mortgage, 3% down for an FHA mortgage - so why don't you have the funds?

So its just very physiological warfare against these potential students.. sell them on futures  paint a rosy picture tug at their heartstrings get them all motivated to spend money then let the go at it..

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

But she loves the idea of owning real estate and the financial wealth it brings.When I found my first deal, I showed her the potential upside and she trusted me.

If they qualify as tenants, you might need to honor tenant rights or negotiate a settlement to vacate.Market Potential: A two-family home and a single-family unit could be a great income-generating property post-rehab or resolution.

Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.

I wrote a letter to the HOA yesterday explaining why the door was needed, how security would be very tight, and how the HOA itself could potentially be responsible for any ADA fines/penalties if they are found to the "barrier to access" for ADA as they control the lobby.We have a tenant lined up and obviously this is causing a major issue. 

Big potential downside- both a selling and buying agent are involved here and I believe they're expecting their 3% each. 

A couple months ago there was a guest on the BP money pod that said something I really liked, "put your risk in your ROTH" and by that he meant that if you're going to invest in something riskier that has the potential to have large returns, put that in your ROTH account because you're only taxed on what goes IN to your ROTH, not what comes out.

When scouting for properties, explore areas on the west side as well as some parts of the east for potential opportunities.