I agree with Ray—condos, especially with the new reserve requirements and reassessments, are becoming pretty unaffordable.

Starting local offers hands-on experience and control, ideal for learning the ropes, while out-of-state investments can provide better returns but require a reliable property manager.

I’m trying to keep things moving, but this $20K requirement is throwing a wrench in my plans.

I recently joined the forum and would like to quickly list my requirements without much ado.1.

I have some news for you, FHA does NOT require a 1 year work history!

This requires a dedicated effort sourcing and analyzing hundreds of deals to find the one or two worth pursuing.  

Cleared the metering requirements on license being issued? 

What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.

I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.

That 2nd requirement is  what makes it close to basically impossible with a W2 job.