Tips for first time single home loan

[Danarsha Johnson]

Hello all, 

I am new to the real estate niche and I had a question regarding my first investment. I would like to buy a single family home to rent out. I have 10k saved. what is the max loan limit you’d suggest for my first property? Would you suggest only doing 2x what I already have, leaving me with a 20k loan or is that not enough to get a decent property? Also, if you went the route of a single family home as your first property, then how much was the house? Also, how long did it take for you to pay that off and move on to the next property? Or did you buy multiple with multiple loans at once and are currently paying those off?

Thanks in advance!