I work with a ton of new investors as a realtor the #1 way to get started is just find a 2-4 unit in decent shape and buy it low down with conventional financing 5-10% then you can live in it for a year and do another next year.

I'd expect something in the 70%-75% range, depending on your experience and credit score3b) Also, do you need to borrow $160k?

It will take two months to turn it around and get it rented.

If you do it right, you can be very successful. 

When you look at cash flow modeling, borrowing much more than that causes it to be tough to get a positive cash flow.

@justin @Justin Kurtz  How is it going with your move to Abilene?  

It's too large of an investment to get it wrong; you need bench strength.Real estate investing is a risk business.

I've self managed property for a long time and I belive that no manager does as good a job of managing as I do. 

What should it cost?

I’ve been seeing some real opportunities coming to the Multi Family Market, but the best deals seem to be moving quietly, before they even hit the market.Curious—what’s your approach this time around?