Owner finance usually will not have PMI/MIP which is an extra fee on your monthly payment that is charged if you do less than 20% down.

While many people brag about the high returns they make the business comes with many inherent risks and it requires 27/7 work, worries, management and extra high management costs that long-term rentals and multi-unit properties don't have.With $125k to invest I would definitely invest in no less than a 4-plex where your profits are almost exponential when you increase rents and the rent increases result in both higher profits and an instantly higher re-sale value for the property.

My current interest is in landlord paperwork, screening and legal knowledge to rent hack the extra room.

They're getting all appliances, an extra fridge, and a huge patio add on and the best lawn in the neighborhood.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

I expect to cash-out refinance by the end of this year with at least $120k+ taken out to pay off remodel expenses and put the extra amount into another property.

You can use extra adhesive and try out flooring for backsplash applications.

It doesn’t really matter what the state Realtor’s contract says, even though all that “extra stuff” is in there for a reason.

Then rent out the extra rooms and live for free so you can save some more.If that’s not feasible, decide which other strategy you like because different markets around the country are going to be conducive to different strategies.

This is because you won't have to pay the extra interest when paying back your mortgage.