Ok, their were FHANon qual loans all over the place.And RE went dead,...So switch gearsbuy a $35,000 or $40,000 house andgive them $2,000 to $4,000 and take over the loan ( non-qual) and another rental ( with option to buy) rent for a while and I'll take $ small down( $ 1,500to $2,500) and OWNER CARY A 2NDFOR 5 YRS.....Oh, and the sales pricewould be market,.. then....$42,000 to $48,000 ( plus rental income, above thePITI and tax breaks for me) Should ofbought more.!!!

The 3 that I have done are over 1.5 yrs old and the market has changed a lot since then.

I've spent 10 yrs as an appraiser, new as an agent & I can't believe they will return calls to get value but not to get a buyer.

Hey Bryce,I will have the loan paid for in less than 5 yrs most likely within one year.

15 yrs ?

I checked the treasurers office website and while the house seems to be owned free and clear, taxes have not been paid for 6 yrs. .

You can see our house from the road leading into the Port of Everett boat launch, lol.Hubby just retired Navy (20 yrs) in October and is finishing out his final days of terminal leave and we're looking to supplement his retirement pay as well as get me out of my hectic work schedule.

In 5 yrs our goal is at least 10 rental properties earning enough income so my wife can quit her job and handle all of the property management.I have a little real estate background as a Realtor back in the mid 2000's in NJ, but no experience being a landord.

I've only been living in the US for 9 yrs. 6 yrs in AR. 

We had initially planned to sell in about 5-7 yrs and roll that equity into our new home, and purchase rentals after that.