For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

I am bringing 50% of the purchase and rehab cost in OPM.

Down payment will be a minimum of 25% of purchase price and these programs are generally for 1-4 units.

Their jobs include finding properties (he’s a realtor), walking properties prior to purchase (only those we can’t estimate rehab from pics), inspecting GC’s work and progress. - unless the property is a complete gut job we pay for a home inspection during our due diligence- we only hire GC’s.  

However, the purchase of the property did included three separate parcels on one deed.

I just purchased a foreclosed property but it’s occupied.

@Andres Bernal hey Andrea how are you I’m also in the process of purchasing in Los corales/cortecito área , a 2br vacation property .

I will soon have some funds (hoping between $100k-$150k) to be able to purchase my first rental property. 

You can share as much of the information as you want with the seller, but I typically share the overview of my numbers, explain where the numbers are coming from and why its needs to be this purchase if I am going to do the deal.

In hindsight, I should have checked the code prior to purchase.