@Kynly Cazeau usually first time home buyer programs are highly leveraged, meaning there is little or no downpayment required, or the downpayment is itself a gift or second loan.So if you bought it back in September then the property has an extremely high loan-to-value, for example 95%, 97% or 100%.

Remember, at the end of the day, if you work hard and educate yourself, real estate investing can be very profitable and extremely enjoyable and rewarding.

I figured it was not that simple and the process would be extremely lengthy.

Extremely helpful info.

It is extremely difficult to find the focus to stay with it day in and day out.

It has been extremely difficult for foreigners to get a mortgage from Colombian lenders.

They are extremely hands on.

Ran the numbers quickly and realized that cash flow is extremely difficult in the bay for an average investor.

I will say 4% cap rate is extremely low, even larger more desirable properties are in the 5.5-6.5% range which will change your math significantly

The property is a 3 BR/1 BA in Benton Park neighborhood of Bakersfield, CA.I approached this as a BRRRR deal, and wrote a blog post about my sources for these numbers (including the expected monthly rental income, which I realize is extremely optimistic to many seasoned investors, when compared to Rentometer numbers).Even at this optimistic income level, I concluded that this deal was unlikely to succeed.