Have quite a few out of state investors that we've worked with to get them great cash flow and tax savings. 

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.

Then I save that amount each month in reserves until I need them.

They might be able to save on fees going that route. 

I have been doing the anakysis on several rental properties and saving the results.  

I saved up the down payment for a few months and have a few remaining as emergency funds.

It’s also important to be as specific as possible in the scope of work for each line item—clear details can save you from misunderstandings or unexpected costs later on.I specialize in consulting services for situations just like this, helping clients work confidently with contractors by bridging the knowledge gap.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Eliminate debt, establish a budget, and save.

If your exchange is not done properly or your funds are not safe you are going to kick yourself for trying to save $500.