(risky I know) The properties cash-flow nicely so that helps add to the funds to buy the next.5 yrs ago when I made no money, I could get a stated income loan on a personal residence for 10x this amount, and now I can't even get a loan for 30k on a property that will make me several hundred dollars a month.

Here's their situation...Fell behind on their mortgage 5 or 6 yrs ago during market crash.

And Happy 2015I used Allied to get my CA license about 1.5 yrs ago and really enjoyed their systems.

I now work as a Director of Acquisitions for a private equity real estate company and have been in the field for the past 7 yrs. 

I plan to eventually develop the property (mini-storage) and like the idea of having a tenant in place to defer mortgage cost while I put development plan in action (1-2 yrs).Tenant could even become watchkeeper/caretaker in future as far as I'm concerned, if interested/qualified.HOWEVER -- does the tenant normally have rights to the entire property (lot)?

I put a property under contract and it so happened to be one that was vacant for 3 yrs and the sellers were still moving personal items out of the house but would ultimately be leaving most of their debris/rubbish come closing.

11 years (2 yrs with us since we bought the property, and 9 yrs before that).

If we take no money out except expenses for 10 yrs we would have built it up a lot I would think.

So either way I'm shelling out $142/ month until December, but doing so for 5 years allowed me the opportunity of buying with only 3.5% down, at the bottom of the market or close to it, with a fixed rate of 3.5% for 30 yrs. once the PMI is gone.

I'm new as well but have followed the site 4 a couple yrs now.