Feeling like taking the wrong action steps, what did you do?

[Frank Contreras]

Started taking action steps, in purchasing my first rental property. I have started off with;

• 1.Reached out to real estate agent and had him set me up with automated emails with properties with certain price and location in my city. With criteria being single family homes with 3br 1+ bath.
• 2.Reached out to local credit union and had them sent me a conventional home loan worksheet quote.
• 3.Did go on to lending tree to see if that was a better option with shopping for quotes on loans. DOES ANYONE EVEN USE LENDING TREE?
• 4.Did call credit union again to see if I could pull cash out from equity on my current Property.

Feel like action steps I’ve taken are wrong, should I be looking at properties first with realtor, then look into how I’ll be financing property? Don’t have any cash on hand to fund a down payment, was quoted that my current property would cash out $9,200 to help with down payment of next property. If I went with conventional home loan, would that require me to move into the new property for a certain amount of months? Do I go with invest property loan which requires the higher down payment and avoid having to move out of my current home? Not sure if anyone on here had this same situation when starting off, what would ya’ll do in my situation? Just stumped here and getting a little uncomfortable with this whole process.