If I continue doing this, does it become much harder to get approved for the second, third, etc. no-money down purchase I try to get financed by the bank?

For 60 grand, the only way to get a return, would be to add on on the main level and put a third bedroom and a second bathroom on the house

Wow, thanks for the great advice guys@Nathan Broekhuizen @Matthew Irish-Jones initially the plan was to live in the SFH ourselves for 2 years and then rent it out when we buy a third (or potentially 4th) property.

Third, if you end not renting it out before the current tenant moves out, consider setting up a standard process for screening out tire-kickers and handling scheduling and viewing of the space remotely (if possible) out of respect for social distancing needs or at least with an eye to minimize contact with applicants (to protect both you/your PM and them).

I was just seeing if there was a third way to do this besides %100 privet money or a backed loan.

This is also reconciled every month, with a report that states what each and every tenant has in their account.Our third account is our operating account for our company, from there, all company bills, payroll, mortgage or rent etc,,, are paid from.

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I do all of my house hack duplexes in nice areas (on my third one now) because they allow me to buy buildings in areas I otherwise couldn't afford.

I am currently on episode 27 of the bigger pockets podcast, about a third of the way through The Book on Rental Property Investing, and thought it would be a good time to finally “plug into the BP culture.”

I second (third, fourth) the idea of having the unit left "empty and broom clean" at closing.