how much capital

[Dave Eberhardt]

I am eager to start investing, and trying to get rid of all my bad debt. I so far just have a little bit to go on my car payment and then I wont have any loans to pay.

My question is that I want to start investing, and wondering how much money should I have saved besides the down payment so that I dont go under?

I am looking at buying a single family home, and rehabbing.. somewhere around 150k price range, and rolling that via 1031 into either another home or multi fam 3-4 units.

Any advice? thanks