The downside is that you have to cover the difference between the loan amount and the purchase price.  

Fannie and Freddie new rules no 95% refinance 4 units owner or non owner.Generally in most of America the market rents are not close to covering the full payment at high loan to values.

Just carry an extra grand or two in your savings to cover the mortgage payment if you’re worried.

It's along I-71 that can get you most places in Cincinnati relatively quick.Madisonville - People in Cincinnati probably know about Madisonville, but out of state investors listen up.

Hi All, Nice to see some activity related to Wilmington, finally in BP.

Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.

Without knowing more details, I would say that price is likely in line.If your wife stays at home, you may want to look to see if she can qualify for real estate professional status if she manages the properties.The requires for real estate professional status are1) 750 hours on real estate related activities2) More time spent on real estate than a W-2 job / business.

See two below if you want to work with someone relatively local  - the firm I am with is based in Portland, Maine and I have had a few colleagues who have gone to the below firms while pursuing a smaller firm environment which have a small business focus, very good reputations, and are on the Maine seacoast.  

Currently sitting in 4.75% high yield business checking accountsCurrent Real Estate: Jointly own a single-family home in Pennsylvania as a residence, no rental properties.Residence: Pennsylvania and South Florida (during winter months).Investment Capacity: Approximately $250k per quarter as down money, open to starting smaller.Goals and Preferences:Seeking a relatively simple and low-maintenance entry into real estate investment (not looking for major rehabs, value adds, etc. - unless I should still be trying to!

There is statutory, and now Fannie/Freddie guidelines, that exempt many transfers from being subject to the Due On Sale Clause...asset protection/estate planning purposes are typically covered.