Hello @Gillian Gegawin action is the most important step in life.

This simple step would have saved me months of my life and thousands of dollars.

.- My goal is to follow Scott Trench's ideas in Set for Life and hopefully rent a room for under $1200/month to save some extra cash and use it along with my current savings to buy and house hack a duplex/triplex/fourplex in 4-12 months in the Oakland/Emeryville area.- I consider myself very handy since I have renovated my entire house 99% by myself and pulled permits. 

They were always barely with their heads above water so I assumed they would be life long renters.

Life happens, when I started as a realtor on 2009, I had a newborn kid and it was very hard to me to keep up with my investment business.

Change your paradigm and change your life!!!! 

Not having insurance is just not smart.

Lots of people fear the increased insurance premiums, expense and hassle.As to the costs, just talk with a local pool company.  

Private Mortgage Insurance is simply an insurance company insuring a portion of the mortgage.

I actually bought a 4 unit a mile away for $45,000 last year but that needed about 30K worth of work so I feel this is about right as this one is turn key with no repairs needed.The seller financing deal - Sales price $63,500Cash at close from me $50004 year note @ 4% for remainder ($58,500), monthly payment of $1000 with balloon at the end, no prepayment penalties.Monthly projectionsIncome =     $2200Expense=    $220 management                     $220 CAPEX = No problems yet but "Unknown age" on the roof and owner has had property for 20 years                     $480 Insurance/taxes = Total taxes for 2017 were $4982 on assessed value of $78000 plus $600 a year for insurance