I do all of my income properties in Chemung County.

We have a couple newer houses, and they are almost invisible, just a monthly income.

Sometimes the deal is not great for their numbers, and they would still be able to wholesale the deal instead of trashing it, and get some money for more income.  

Wife and I both have an 800 credit score and plenty of income with a 19% DTI ratio. 2) Do you recommend that as a first timer I actually do go with a higher down payment product as I learn?

We don't have the Midwest weather, high property tax, old homes, high insurance, high maintenance, or state income tax.

You can use Airdna & other STR estimator tools to get data on potential income/vacancy based on your location and property size. 

Quote from @Mike Paolucci: Quote from @Lolo Druff: I am looking to buy my first investment property, and my goal is to continue building this portfolio every year until I can live off my rental income entirely.

Extra income by renting and the benefits of appreciation.

Although we’re not a local bank or credit union, we are independent mortgage brokers with experience in financing options that consider rental income rather than personal income. 

If it’s in California they will chase you for state income tax if you ever sell your new property, even if you exchange out of state.