Taking the leap

[Jacob Shuey]

Good afternoon

  If this is perhaps the wrong area I will correct it.  I am in an information overload phase trying to take the first steps to secure a long term rental.  I have finally saved a decent amount to begin this process and now I seem to be stuck.  The plan is to use the funds to purchase that first rental and begin flipping some houses along the way to pay down the mortgage on that long term rental, rinse and repeat.  I DO NOT have an affiliation with a coaching program but have looked into them and I am quite unsure if they are ever truly worth it, or if my Pro membership here is truly all I would need to accomplish my goals.  I will layout some information below and I am all ears to advice from there.

Current savings: $12,500 (with the capability to pull funds from an IRA if need be)

Currently working with a realtor I've worked with before in my rental market who is also an active investor

I have the proper steps completed for a DSCR loan from a company found right here at BP and the process was smooth. The DSCR is my best vantage point to begin with my situation.

I have experience owning a rental for over a decade and flipped a personal residence recently.  

    Main questions from here:  

Is a coaching experience worth the high price tag?  

Do I simply jump in with a rental that would (based on the calculator here) give me a 16.56% CoC ROI and move forward from there?

Any advice or information is appreciated.  I believe I am just nervous to truly begin this but all help is welcome moving forward.