I'm looking at some nice areas in Tennessee that are a couple hours from major cities, but may be near scenic and/or natural attractions, and slightly "larger" smaller towns, like the county seat.

I have a deal that is much larger than my normal purchase.Asking 3 million, I can buy for 2.75 million.Seller stated they are not interested in owner financing any portion of the sale.What are other options for 20% down payment?

You can even sort-of diversify locally by buying in different areas in the city you live in if you so choose. 

Hi BP Fam, Previously I mentioned I was onto a large deal that I thought would be an absolute killer. Well...turns out things don't always work out as planned. I'm not happy about the results on this deal that I've be...

This is 1st investment property for me so while it is not a homerun of any sort, its enough to get me going.

You could also draft a sort of tenants in common agreement if you wanted to avoid a formal entity, but that gives you no liability protection.

Brett- Regarding notes - I am not sure I want to do that, what sort of returns can I get?

I know of some people that are successful with it, but those are very attractive properties for Kenai Vacationers (river front) that sort of thing.Lance

However, one could look at rental income as passive income, even though you pay a percentage to a property manager, but these types of investors are typically much larger with diversified portfolios. 

Hello BiggerPockets,Before I get to my question, here's my current background.- 30M/27F (Me and my wife)- No kids- No debt (besides vehicles and house)- I make 90k, wife makes 70k- Combined income: 160k- House value: ...