I use the BP Calculator to analyze all my deals.

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

I can talk directly with them afterwards if I need more questions answered. 

Congratulations on the deal @Devan S.!

@Chris KittleI was not directing it to you but many vendors push elaborate schemes and use fear tactics to sell some of these strategies.  

Your deal finder (agent/wholesaler)3.

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?

I'll message you directly to see if you want to talk more.

Note, this is from direct experience.It might be wise to also consider selling since home prices are slightly up in the past 2 years. 

Wondering what the process looks like for getting a conventional loan for an out-of-state deal.