The 15% DP, would have wiped out my savings, however, I wasn't overly concerned as I do have a decent gig, relatively low expenses, a healthy amount of available credit and expected cash flow from another investment property in which I would start to re-build my savings.  

I virtually wholesaled 37 mulfifamily properties last year without seeing a single one of them in person, with healthy profit margins. 

That's after including a healthy vacancy and maintenance reserve in your operating expense budget each month. 1% deals usually don't meet this criteria.That efficiency unit looks filthy.

@Rob Massopust  Wellness - Corporations spend millions to make their employees healthy at work so it makes sense to entend this investment into the corporate housing rentals they rent for their employees.  

Whatever it is, just make sure it's got high returns- you want your first investment to have a nice healthy buffer and produce enough income to keep you moving forward.

Healthy is considered 6 months.  

My own personal preference is a healthy mix of leverage & free & clear.

In my area, a foreclosure or short sale or reverse mortgage that needs repairs is discounted heavily enough for me to make a nice profit and maintain a healthy roi for the investor if they accept my low offer.

That is a pretty healthy gross income.

It's like people will tell you to be healthy, all you have to do is exercise and eat right.