Quote from @Nicholas L.: @Armando Carreracongrats. 

I went to school to be an electrician, worked as a carpenter, and helped run a lumber yard.

Anything helps, per this example we could say:A single family home that is not builder grade but not luxury so in the middle being 1,600 sqft, 3 bed, 2 bath.Also a:duplex that is 2000sqft vertical build that is identicle layout on floor 1 and 2. each unit would be 1000 sqft and 2 bed, 1 bath.To note, the loan on property 3 is a DSCR loan because there is not 2 years of stable income from me because I am still in college.If there is anymore info that could be needed please let me know. 

Quote from @Nicholas L.: @Seo Hui Hanthat's just the BRRRR strategy, and using borrowed money for the buy.it's just about risk.low risk: buying with actual cash, from your own checking account. 

The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

. $170,000ish should be plenty to help you buy your first rental maybe less and then you can get started faster than the timeline of spending 1.5 years paying off your mortgage first.

This is never accomplished in hard money loans and some may feel this adds more risk to the lender not having interest paid as you go, I argue that not having to come up with that monthly interest payment reduces the amount of capital needed for that project total and there by reduces the loan to value needed which helps both parties.

If the cost exceeds 5,000 it's not a small claim and I'd go with a lawyer.Hope that helps some! 

2) You are a control freak and won't let your PMC do their job- Can't help you3) You don't really have a PMC and are self-managing, yet don't know what you're doing- There are inconsistencies in your postings that make this a possibilityFor #2 & #3 above, use this:https://www.legislature.mi.gov/Publications/tenantlandlord.p...

Being flexible on the location and the income strategy you want to use will help make that process quicker.