Welcome to BiggerPockets @Gafaru HallId encourage you to browse the "Education" zone up there of our site as it is developed to enhance the REI knowledge (for rookies especially).See you around!

I am a conventional mortgage lender (by the way ARM's are conventional loans, just a different "flavor."  

If you have knowledge that can correct or enhance what's here, please share!

There are no wrong answers - each investor has their own "flavor" if you will. 

Welcome Levi, nice to add more international flavor to BP Nation!

From photoshopping the grass color to enhancing the blue skies, it happens all the time.

You should consider finishing your profile and adding a photo, it really enhances the community experience.

Please consider adding a profile picture, it enhances interaction with other members on the site.

You can likely afford the downpayment (3%) on a FHA loan already or with minimal savings, so if you can find a 2-4plex in an area you like at a below market price with enough cashflow to cover your mortgage and have some additional cash to enhance your savings toward more property, just start looking.Check out Brandon Turner's blog on Hacking Your Housing and listen to the podcasts.

If you would like to give some context as to the factors that you look at in priority order (more important factors vs. less important factors) that would be a value added conversation as well.Additionally if you would like to provide some flavor as to what kind of ranges you are seeing regarding re-performing 2nds and the factors that influence your buying decision, that would be excellent as well.