Thank youYou should get pre-approved first to make sure you can even afford the home.

If you're looking at affordable housing, there are abundant c+ 2-4 out there at a reasonable price that you can start by house hacking.

We had a few limitations:- We wanted to get a rehab loan, instead of working with hard money or private lenders- We could only afford 20% down, so we were limited to a single family home (all the lenders I spoke with required 25% down for a multi-family rehab loan)- We only had about $40,000, so acquisition and rehab together could only total $200K, which is not easy in the Massachusetts market.- We wanted to be in or around Worcester because the City has been receiving a lot of investments in an attempt to revitalize the area.

They have approximately 30,000 they can afford to put into the building for an initial cosmetic fix and getting units rented. 

Purchase price: $68,750 Cash invested: $1,800 Purchased this as my first rental as a long-distance investor because I couldn't afford in my local market.

Purchase price: $68,750 Cash invested: $1,800 Purchased this as my first rental as a long-distance investor because I couldn't afford in my local market.

I wish I could afford it obviously!

Worst case scenario is that I have vacancy at different points of the few years that I am here but I can afford the mortgage on my own.

It is difficult in this area to find affordable, yet decent, commercial space.

If you do, you have "pierced the corporate veil" and thus negated your asset protection afforded by the business entity (thus, what was the point?)?