The lending bank might take the unused  balance of your HELOC or a 401 plan that you have access to, to meet this requirement but that's something you might want to research a bit. 

Option 2 is using Subject To to buy multiple houses for cash flow which is more immediate than Buy & Hold. 

I'd give up that monthly dinner (if I had to) to own an 8% CoC property that's in a better area instead of a 12% CoC property in a "depreciating market".  

I would greatly appreciate it if someone were kind enough to to explain this to meThanks BP!

Brandon's latest webinar finally convinced me to to make the first post!

We would just expect you to to fix anything if they break....No one ever asks that the machines are pulled (your local millage may vary)A couple of notes: 1) Make sure the machines are in good working order to start2) Explain that you'll fix any leaks (you don't want them sitting on a leak problem) 3) Sometimes the machine will come back to you at turnover broken.

Here's a post I did on Subject To that may helpUsing Subject To, to Get "Free" Properties https://www.biggerpockets.com/forums/311/topics/1060320-using-subject-to-to-get-free-properties-a-quick-guideline Awesome!

I am new to to the real estate realm and super stoked to be here! 

Ideally I would like to to find houses under 80-90k. 115k max including reno. - Are these deals possible to find?

Most importantly they will have a list of investors they work with that you can reach out to to learn more about the area.