Hi Everyone,

I am a single mom who decided to just GO FOR IT. It was either now or never and I chose NOW. In less then 2 years, my rental profolio consist of 5 rental properties, all with positive cash flow.

I bought a house 10 years ago at a higher interest rate. I was approve for a streamline refinance that allowed me to lower my rate without checking my credit score. My mortgage payment was cut in half and I am presently bringing in 500.00 passive income. 

Since my credit score wasn't the greatest, I bought my 2nd and 3rd property with my life's saving. Each property cost less then 30k, and rent for 1k each. Those two properties were just appraised for 90k each.  

For my fourth property, I found a small bank that approved me for a 30 year mortgage on a 27k house( yes, I know...why get a mortgage for such a small amount??... Lol)

Well, I exhausted my saving and only had enough money for a down payment. Plus I learned a new term called LEVERAGE. My mortgage is 350.00 but the property rents for 1,100 per month. There's no equity but I am fine with that:-).

I just closed on my fifth property. It's a 5 BR, 3 bath located near public transportation with easy access to center city Philadelphia, it's also within walking distance to a college and medical school. Since I worked at a hospital full time, I have access to medical students and residents. My goal is to rent it out to students or medical residents. Mortgage payment is 1,100 per month but it has the potential to be rented at 2,500 per month. I already have tenants waiting to move it. 

With that being said, I am new to students' housing and do not know the pro and cons.... I am open to any suggestions. Thank you for all the motivation that have gotten me this far.