Sometimes in this position we need to step back and look at the bigger picture and I think that is why you asked the question.

Also, having predetermined what is important to you in a loan - speed, low down payment, no credit check, or low interest rate/fees will enable you to concentrate on the lenders and brokers that deal in those types of loans.One important caveat - If you have 25% down payment money available, a credit score of 720+ and the time to close, you will be able to score a long term low interest rate loan that will allow for a positive cash flow on a large number of investment properties.

From there, you can move up in interest rate or start adding equity share positions.

I would be surprised if any will do one from second position and not require the initial lender to be paid off.

Thanks for the positive feedback.

I'd position it to them that this is your first of many investment properties.

The CAP and ROI seem attractive, but am I giving up too much in terms of the returns given my equity position??

Can you buy a property that will be cash flow positive there?

I have full time position in a separate business, but have flexibility to pursue this endeavor.I will be doing my due diligence with pouring as much info in my head as my RAM will allow, and may need to dump some old info and defrag, but plan to get as much info here and there and everywhere possible to learn the ropes and build this long term opportunity!

But if you realistically look at the total cost of owning a house - purchase price, interest, closing costs for both buying and selling, insurance, taxes, maintenance and upgrades - over the entire period of ownership a house is rarely actually a positive investment.