The scare stories of fluctuating interest on HELOCs are nothing short of criminal.

I just bought a 30 year old house on a concrete foundation where the second story floor seems to have some bowing/sagging in a couple of spots.

@Charles Tucker KimbroughCongratulations to you and your partner on closing, exciting times indeed.Appreciate you sharing the story and post, very helpful and insightful.

Craig Curelop’s house hacking story.

The other roomate says she can't take on the full lease on her own.There is some drama involved but that is the summary story.

Whenever someone doesn't have it there is a follow-up of some interesting stories I'll listen to if I have time but it is more for amusement. 

So, even if we go with a number of $340,000 per unit he profited about  $288,000 + $40,000 for rental income = $328,000.Then we figured on our spreadsheet that in 10 years he would earn a total of something like $1.2 to $1.5 million including appreciation and rental income.The point to my story is to show that we (real estate investors) do the math over and over and over both before we purchase a property and we do it over and over after we close escrow.

I also have more capital to invest than my potential partner, and would be more comfortable investing in a larger property (and thereby more sense to use a property manager, but that's a different story). 

It is not surprising that the mass media would concentrate on the side of the story that more people could relate to, there are many more renters than landlords.  

Purchase price: $139,000 Cash invested: $2,000 I've spend the last year renovating a 3 story building while in a rent to own contract.