If you know of apartments that increase greatly in value, then go for it.

Also, once this is done, I'm almost already looking forward to my next investment. (4) Is it true once you start paying mortgage, generally your credit card line of credit increases?

Although I feel confident that we are on the same page and can work any problem out, I still want to protect myself (and him) in case something should happen.What kind of agreement should we draw up, and where can I find a sample agreement of this kind?

Only time will tell whether it was wise to purchase a Condotel Suite for this kind of entry level price, however simple mathmatics and common sense dictates in the positive with increased optimism about profits from condotel operations -- where buyers rent their units for a share of the rental revenue.

The renovations you do plus hopefully a market increase over the two years you live there could give you a tidy sum in equity to do your second deal with.

I tried my hand at it but with the cost of everything increasing in NY and income not increaseing at the same rate my 2 fam ended up costing me money every month.

They get a realtor to come in and tell them "oh, this is nice....I feel confident listing this for $220k" but you have no idea if they got a dime over their initial investment or got more than the listing price.

If you you've done it before then I'm more confident in knowing what my potential exit strategies are and what I can do to build up my portfolio.

Also, they have over charged on legal fees to do evictions, they have "forgot" to collect the additional rent when it increased, supposedly for 3-4 months, then suddenly found the additional rent they had collected when I was ready to file a complaint.

I am new to MD and looking into ways to: 1 - decrease debt2) increase FICO score3) save money4) buy my first homeI look forward to chatting with you all.