What is a good amount for capital for a small time investor?

[Wilson Auyeung]

I am looking for SFH/MFH and want to start slow, how much should I budget? I am looking to gain experience and start my journey but don't want to get burned. Looking in the area, the properties on MLS need some rehab and not sure how much to budget typically for light to moderate work. Is it difficult to cashflow without rehabbing and just rent out an outdated unit so long as the amenities and appliances function?

[Denis Ponder]

A quick zillow search shows you can get into a lot in Dayton for $150k or less.  Go to zillow, or your favorite search platform, and look at the properties there.  Track the prices of the properties that match what you are looking for.  If you are house hacking, budget 3-5% down; if you are purchasing as an investment property, budget 15-20% down.  Talk to a local lender about average closing costs and build that in.  Talk to a local insurance broker/agent about how to estimate insurance costs and build that in.