Now, I never buy a property without at least 4-6 months reserves on hand.

Will you continue to buy in that neighborhood with your next purchase @Teslim Salami?

I would recommend you look for a good neighborhood to buy a multi family in.

I’m exploring the idea of buying a vacation home near Yosemite, which I also plan to list on Airbnb.

I am interested in buying the house and renting it out. 

Our initial goal has been to buy a property every time the Army relocates me (roughly every two years) and rent it out afterward.

We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.

Quote from @Chris Brewer: They’re actually asking more for the property that’s just the number I think I can buy it for.

If you can take that and buy a 2-4 unit property and live in one and rent the others, with the aprox $110-120k you are putting down you should be able to be in a good position and make a much better rate on your investment.

Start saving up and buy your first place.