Which is about 20k currently.This question is for the smart investor.

Second, your point about finding local investors is smart but not in the sense you’re thinking.

Our credit and background checks are all done through our Property Management software Buildium but Smart Move with transunion is a good service for smaller landlords. 

I tried on different internet browsers and different devices including; Chrome, Microsoft Edge, Internet Explorer, and android phone.

A smart investor once told me:"You can buy & sell real estate in any market, but how you buy and sell will depend on the market."7.

@Matt Pastier Hey Matt, it was smart that you held your ground and walked away after the 47k counter offer. 

@Colton Smart @Jeff PorterThanks for the shout out Colton!

Banking on that additional value as any significant part of the value proposition of an investment is probably not smart, so any deal in this area must make sense as is. 

So a smart way to look at it is to calculate 20%-30% of the purchase & rehab amounts from you, plus have 6-8 months payment reserves in either a bank account of a retirement account (as the lender wants to know that you have an emergency resource for payments if needed).Many rehab lenders can supply a sort of pre-approval to you so that you have an idea of what they will extend so you can formulate a game plan accordingly and target potential properties.

It all starts with being smart with the money you have coming in.