Be sure to check out our Start Here" page and the brand new "Ultimate Beginner's Guide to Real Estate Investing to help you get started!

Unfortunately you will find that in order to do that, you have to provide the money to ultimately fund this ALOC that is paying your mortgage down quickly.

Since the first  experience was good,  we purchased a SFR in Indianapolis and owned it for 2 1/2 weeks before the tenant decided not to pay rent which ultimately lead to eviction and received some valuable lessons about ineffective property managers. 

I would ultimately like to have 20 to 30 of them but of course starting small and using a TK model of sortsis my Fannie Mae 10 property limit going to hurt me - is it worth it financing homes that are on the smaller side < 200K and renting out at around 1.1%All advice and critique is appreciated and am happy to follow up with any further information that would help 

Ultimately, this will help you decide what kind of buyer you want to work with.

It may guide tenant behaviors, but the ultimate responsibility is yours.

(Because rents didn't go up.)In Scenario 2, all $40 of your equity is making a 7% CAP rate, because it was reinvested.Joe, this is where I agree with your outcome and ultimate advice, but not quite on the reasoning behind it.

Ultimately the seller felt I was lowballing the price and decided not to sell (yet anyway).

Also, remodeling is a way for me to respect the housing history of the country, and is the ultimate in reuse and upcycling. 

I too think that we will ultimately have multiple listings as I learn - the whole not having your eggs in one basket thing.