This thread is way too much rah rah full speed ahead.

I may even pay her more if the sale produces any profit, but that depends on who paid the mortage, utilities, and maintenance along the way.Be prepared for her to push back or stay longer.

I am currently a college student graduating in Spring 2020 and just want to get a head start.

You can only push rents so far so you need to buy right and increase operational efficiencies to maximize income on smaller properties or get into larger properties with more income. 

I probably value my time to much tbh.Fourth My Relationships the sum is greater then individual parts I couldn't be where I am at 23 with out my mentors and friends that have lifted me up along the way.Fifth My Knowledge Its one of two things no one can take from me and can recreate the success I may lose in the future.I believe that the last three are the most basic components to building real wealth but with out the first two there is no reason to push and grow all success would fill dead and hollow.Your turn guys!

A non furnished 12 month lease for an updated 1/1 in the area is running $1,400-$1,600 per month, and a furnished unit can push upwards of $2,000 per month.

Hello everyone I’m back again with more questions and a little bit of an updated plan as I’ve been doing some research just want some feedback and possibly some motivation stories appreciate it ahead of time.I’m 21 working like a mad man at my day job picking up as much overtime as possible and listening to podcasts all day while I’m there learning on the clock as well off the clock I make decent money (not enough to raise a family on) so my plan is to use the BRRR method & house hack a duplex - quad and buy and hold long term and eventually go commercial with big apartments so I can have all units in the same place i don’t have a team at the moment nor have I contacted anyone as I don’t have a need for them yet I’m still in my accumulation phase (knowledge and capitol) My questions areIs there an equivalent to a 203k loan that’s conventional I don’t want to have to deal with mortgage insurance forever?

@Tab Teehee since you own the property you are already ahead of the game. 

@Robert Lei  Go ahead and rent it to him, but charge him rent and pay him for the work-keep the two separate. 

Try collecting on that judgment--it's simple in theory but definitely not easy.Go ahead and put whatever you want in your lease (as long as it's non-discriminatory) but also make sure you take steps to make your units as tenant-proof as possible.