First, congratulations! All of the contributors suggestions are good, but I also agree with Yasmine and Elizabeth . . . Listen to podcast on an ongoing basis and take baby steps. Ref properties, I can tell you from my own experience duplexes are not a particularly good investment in Upstate SC. We have one that cash flows nicely, but after 14 years has appreciated very little. 4 plexes, on the other hand, are viewed more favorably in our area and something I would consider myself. Keep the following phrase foremost in your mind -- "location, location, location." Questions: do you have any construction, home repair knowledge/experience? If not, do you have someone in your circle who does? What is your knowledge about the various communities in the Upstate, i.e., rental rates, demographics, etc? all of which make the difference in the real value of a potential rental property. The Upstate is ripe with opportunity. If I were in your position, i would buy a home for myself using minimum down payment, live in it a short time and begin looking for my next personal residence. Again, Purchase with minimum down payment, rent the first--thus leveraging owner occupied mortgage interest rates.
