One problem with this tenant is that their score is in the 500s, which means they are likely actively behind on many debts.

Hey BP community, I’m a 26 year old from Chicago currently knocking off debts and saving 10% of my monthly income to begin my future in Real Estate investing!

No other debts.$125k a year full time job for income reasons.

You've really only got three choices: equity, debt, or a mix of both.

You'd like need to have partners or have a parent co-sign the loan with you since.4) Work through college - I worked through college full time and was able to pay off my student loan debt only 2 yrs after graduation.

So this would be more of an equity-type structure, which is generally going to be more expensive than debt, or a typical private money lender.My question to everyone is how do I set it up so its a good deal for both of us?

You also are able to secure really advantageous debt on a A class assets which is another angle a lot of investors take when buying in these neighborhoods.

It would be an easy way to get your feet wet in the STR game and most importantly you eliminate the whole 12 month wait plus the additional 6-12 months it will take you to build.

opionions on  getting your own debt in order before investing?

The specific multiple would vary from one provider to another, but this is based on a fee schedule we're very familiar with.The last Solo 401k benefit I'll mention is an exemption from Unrelated Debt Financed Income (UDFI) Tax on leveraged real estate.