Start now or wait?

[Jeff Siebert]

Have a 10+ year job w/ a pretty good salary, good credit, but am lacking capital (5k in cash and about 50k in a 401k). Have been wanting to start accumulating low-cost properties (50-75k) that can be paid off within 10-15 years, but am wondering if I should wait to build up more cash for down payments, repairs, vacancies, etc.

If I were to start now would owner-financed/land sale homes be an okay option to start? Saw some that have small down payments and low monthly payments.

Really don't know where/when/how to start. Appreciate any feedback. Thanks.