Looking to purchase my first rental property/house hack

[James Melby]

I'm currently working full-time and am finishing up my undergrad degree and have been saving just about every penny I could since I started working full-time last June and have built up a savings/investment portfolio of ~$25,000 that I would like to consolidate into a rental property (preferably a duplex that I could house hack). 

I've had a family friend give me some tips as to how she has gone about buying her rental properties and would like some insight from the BP community if anyone could chime in!

Are there any banks in MD that you guys have used for conventional loans on investment properties that could be recommended?

Any preferences on websites that I could keep an eye out for foreclosure homes?

Any info, tips, or pointers are very much welcomed! Thanks!

[Ronald Allen Barney]

As a conventional commercial loan, 25k less at least 10k for closing costs would put your price range at $60k final sale price. I don' think the current MD market will present a lot of opportunity for you. If you go first time home buyer at 97% LTV that would significantly boost your price range and put you into an equity position later to assign it to an LLC, refi, rent, and repeat along the BRRRR path.