I added the details and expected rent below.About the homes:I have a 1200 sqf 3 bed 2 bath house in the Highland Park neighborhood I purchased in 2010.

Then use the funds to purchase another cash flowing property. 

Ammendment - due to a precedent set of a father buying his daughter a pony, a man shall refer to a prius solely in the context of purchasing it for a mother, wife, daughter, sister.

If we were to sell it now it would probably sell for 20K more than we purchased it for.

Hard money will go 70% LTV on the purchase, so I asked the buyer where the other 30% will come from and he stammered and said he'd get back to me.

I've crunched the numbers and if I could purchase three four-plexes in the next ten years, that would give me the financial independence I'm looking for."2.

I am purchasing a new construction home. 4 bed 2 bath.

Purchase price: $300,000 Cash invested: $10,500 My first investment.

If you decide to proceed with the purchase, make sure you inspect the property very well, top to bottom......OR.....There may be NOTHING wrong the the property and the Seller wants to sell it vacant so that he gets top dollar. 

Purchase price: $690,000 Cash invested: $35,000 Contributors: Daniel McDonald After years of research and a few months of searching, I finally house hacked a two-family in Peabody!