Heck, I was nervous on one of my most recent purchases because it was my biggest ever - and I've done over 100 transactions.Your current house is probable a Class A property - which is the easiest to manage. 

Purchase price: $80,000 Cash invested: $80,000 This is a reno- adding a 1 bedroom unit to a three family home.

I invest in Memphis, TN and I use the BRRRR strategy for most of my purchases.

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

Purchased his “books and tapes” and attended 2 of his workshops.  

Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.

I have helped Canadians purchase real estate here in the past.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

I would  show you purchase strategies, real estate monetization, rent roll leveraging, portfolio margining and asset protection/deep tax deductions