You might get these days 60% leverage so you'll likely need 40% down payment plus reserves and the financial institutions will want you to keep those capital reserves in their institution.If you are a new investor, there's a couple of opportunities to get started. 

STRs can bring great returns but are higher risk and more hands-on, like small-cap stocks, while long-term rentals are stable and predictable, like large-cap investments.

I am on a couple wholesale list in Memphis.

My short term objective is to get my feet wet with my first investment property to learn the ropes while also having my hand held a little bit.

She walked away with $1,500 in hand, and we salvaged the deal, netting $8,500 in the process.That deal reinforced two crucial lessons: first, title issues can create unexpected hurdles, even in straightforward transactions.

I’m in home remodeling sales and work about 20-25 hours per week and off weekends, so I have a ton of time on my hand waiting around for appointments. 

I'll underscore a couple of points. 

I understand the risk it comes with if I have vacancies, but I do have a couples of months of mortgage saved to use in case I get stiffed.

I reached out to my investment advisor who pointed me to a couple books that opened my mind to the other possibilities.

Deviations from the PLRs will significantly increase the risk to you since your transaction did not follow the PLRs exactly.Deviation from Private Letter Rulings There are a couple of areas where transactions deviate from the three (3) Private Letter Rulings discussed above.