My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

I could share it with you as well.

Would love to hear your and your wife’s experience and share notes.

Also, if a few hundred dollars in draw fees will make your deal go sideways, it may not be the best deal for you, especially as you are just getting started.I'm happy to share my experience as an investor and a mortgage broker.

What I share comes from my experiences in court room and mind numbing hours of study and research in a law library on contract law and interstate compact. 

Quote from @Torianne Baley: Hi George,Do you mind sharing the lender you found who accepts the 500 credit score and will loan $300k There are lenders out there but the risk is very high so your rate will be 13-15% plus the loan to value will most likely need to be less than 60% (or even 50%).

Thanks for sharing.  

@Greg O'Brien - Do you mind sharing your company details? 

Happy to share some contacts with you if this is something that interests you. 

This is a great community where people share lots of valuable information.