They verify the tenants account w/2 small deposits so set up doesn't takes a few days, otherwise pretty straightforward.

@Jaime Huizar Welcome to BP, fellow SD guy here and maybe our paths will meet down the road.

I'm on the same path and also on the hunt on acquiring a multi-family to househack and replace regular income with passive income.

Since it's not all that easy and straight forward. 

In my experience this should be a pretty straight forward closing.

You may want to turn it into a Roth somewhere along your investing path???

As a Realtor, I would set up a prospective buyer with a low credit score or other credit issues with a mortgage broker whom I consistently worked with and they would meet with them and get them on a path to become finance-able even if it was a 12 month of longer outlook.

." * Learned how to launch a website - not hard but definitely time-consuming ^^ * And of course, helping to organize this meetup that continues to attract investors from all over who are interested in learning, networking, and empowering themselves with knowledge and contacts.Part of the reason I write these posts is that my path into real estate investing has been 'non-conventional' and maybe it can help others looking for a way to start out.I couldn't do the traditional driving for dollars as I'm an ocean away.

Buying in the path of development is a good strategy to multiply your initial equity.My fiance and I bought our own home for $67k in Philly last year using FHA financing a $4k seller assist to get in for next to nothing.

Even a 2/1 in a better area sitting on land in the path of progress might be a better investment.