In order to wrap your renovation costs into the loan and go through FHA you will need a 203(k) loan which I believe is only available to owner occupants and not to investors.

.-@150 K (6 houses)+@150 K (selling 4 of the 6 after repairs)if a balance remains,..@75K (value of remaining 2 house after repairs)..@10K (a year in rental income including taxes, insurance, home warranty)Create a note on one of the properties and sell it to cover the remaining balance of the HML=Hopefully passive income and a good amount of equity.

Levi K.

Originally posted by @Dan K.

Even if you don't display anything specific, you have plans and strategies to achieve your goals.

Its not that the grass looks greener, it probably is, but the effort to keep it green is sometimes underestimated.So much for waxing philosophical .to be clear make an investment while you are still working, take a loan from your 401 k if necessary but don't quit your day job until you have some experience.

Originally posted by @Karin DiMauro: @K.

@Walter Ichikawa-Doyle @Swat K.

Say he owes 2k and the minimum is 5 K have him cash your check for 3K and he can pay 3 K down on that note leaving a balance of 2K.

Originally posted by @Nettles Mason: Originally posted by @K.