If you are newer I'd suggest a house hack unless you can rinse/repeat this process again. 

@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

Each loan that we secure for our borrowers is originated and funded exclusively in-house.

Quote from @Rou Odab: Hello everyone,We bought this house, and we're living in it and renovating it.

That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.

Due to the university there I worked with a lot of incoming families and getting what they needed for their dorms.  

By the time it was all over, the court fees, attorney fees ate up the entire EMD and then some --- this seller never intended to sell the house. 

This is very useful.You could build a deck or gazebo to house a hot tub.

Times are different now and getting in with low money down heightens risk and isn't as easy. 

I needed to find a passive real estate income stream that would work within the IRS’ self-directed IRA (SDIRA) rules.