I'm not practiced in displaying my numbers yet but here's what I can say:Purchase price: $104,000Put down: $10,000Rehabbed the lower unit which costed about $3,000.

He knew general theory but was floundering as far as practical application.

You see there are external forces that we are coerced into facing like it or not.Many shy away from MFU-5+ units, but they do avoid the DTI problem.The practicalities of life and RE will keep at least one foot pinned to the ground.

@Avi Garg,Thank you, I could probably  take a personal loan - have you ever practiced that for buying a property outside of USA? 

What is the common practice for these situations?

Also, in the future you may want to outsource the management to a property manager so you can do other things like go on vacation :) I'm a believer that it's just good practice not to get the habit of "creative accounting" to make a deal seem better than it is.Always factor in the PM fee!

If you ever attended the CFRI then you know that many of the investors preach and practice the Seller Finance niche and all of them prefer to hold properties likthey come across than sell.Anyone entering the business as a wholesaler was most likely introduced to the business as a get rich quick scheme and over time you will learn that it is possible to make good money wholesaling but close to impossible to make a viable business out of it with out a huge marketing budget.

Mainly for physician practices, but also other possible revenue generators, like ancillary services (laboratory, imaging, and pharmacy).

rare that you would get a lender to give you a loan without title insurance removing the IRS lien.so for practical purposes NO you won't get a loan.. you might find a private person to do it.I have done them over the years but charge a hefty premium for them. so usually better to wait until the 120 is over and or rehab with cash.

If I invest my time more wisely, I will free up more time with loved ones while simultaneously increasing my potential income.