Be careful about the markets you get into there as not all of them are good, but many are.

Always remember that in your proforma the expenses could be different, if you can lower the costs (in my example, you might be able to get a quote for $275 per door from an insurance company, but this is in a later stage of your analysis).Hope that helps!

It would exhaust a material portion of my own liquidity for the money down and closing/inspection costs, but I'd have a much more affordable loan than HML and this 2-stage approach seems simplest to me. 

Heck maybe other bidders aren't making any money on the properties they are buying.Regardless, be careful about chasing deals, stick to your numbers.

Now gotta be careful how it's written on the sales contract as can't be part of the value of the property, but rather listed as Chattel (Personal items to be left with the property)Think outside the box!  

I would just chalk this up as a lesson learned and make sure you get it taken care of.

I served 21 years and wish I knew then what I know now.I think it's an excellent opportunity but I would also say you should be careful about what type of property you buy.

Take care.

As long as all the bills are taken care of you can definitely do a cash out, just kinda depends how big do you want to go and do you want multiple properties or one big one.Whatever you do when you get into a bigger property reach out to me on the cost seg :) Feel free to connect and PM me.

You get long term finance and if one renter goes out you still could possibly have cash flow to pay the note.Another option is to buy a house in stage zero of a new home development where homes are just going up.