Is this person working because this may be the route to go if they have no income and no ability to leave but assuming they are working offer the clean slate leave first and see what happens.  

Like most of you, my goal is to invest in single or multi-family properties and start creating some passive income and equity. 

One strategy to consider to boost the rental income is to rent out by the room. 

Not to get rich or replace my income with real estate.

All figures are generated for illustration purposes only and do not reflect actual figures of any of our current/past transactions.Questions:1-If our debt package requires 3 months of prepaid P&I ($15,000), should we increase our Sources & Uses schedule to account for this figure, or do we anticipate the property to perform & simply borrow funds short-term from ourselves or 3rd party credit until operating incomes can pay back the short-term loan?

I understand all of this, but I’m 22, and I know for certain with my income (and my backup job) that I can have a property paid off in less than 3 years.

It all boils down to how commercial real estate works: your net operating income divided by the cap rate determines your property's value.

I want to get into rental properties to have another source of income and build a portfolio.

There are a lot of agents that will dabble in PM just to provide some steady income or keep their hooks in a client.

I specialize in low income rentals and they are the best investment money can buy.