On a 30 yr mortgage the typical required is 25% down and you would also be required to hold 6 months of reserves meaning a full 6 months of PITI for every rental property plus 2 months for your primary home (if it's leveraged).

The US Dollar as reserve currency is used to make trade easier between countries that want the medium of trade between nations to be stable.

I personally send in estimated payments to both federal and state, so I don't have a big surprise next year.

pay down, buy another property or two with my reserve, and use my cash flow to pay down the newer properties (snowballing).

Don't just make sure they are solvent, see if they are building capital reserves.

@Craig ShuteWith your savings, it looks like you could use conventional financing. 6k down 4 or 5k to close and still have 3-4k left over as a reserve.

You still need closing costs, due diligence fees, reserves etc.The other component even if you find a partner is this is mixed use which is one of the hard assets to manage and liquidate versus a 100% specific asset class.

Maybe..make sure you have sufficient reserves to cover unexpected expenses..Find ways to get the most rent.(.$750)....What's included in the property across the street to pull the higher rent?

I performed standard due diligence on the HOA/building looking at reserves, budget etc.

The FICO requirement is higher as are cash reserves (six months PITI+anything else for all properties.)