This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

I have taken my real estate agent course work and plan to take the exam and sign on with a low cost broker to handle my own transactions.

While prices are low (under $200k), there's absolutely a rental demand - especially for working class and professional tenants who aren't ready to buy.

Quote from @Brandon Croucier: Ive seen credit as low as 450, high as 830.Both of these are the 99th percentile though. thank you for some reason I thought 800 was highest.. its always confusing to me how they come up with those scores.. 

Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

My goal is to spread my funds across multiple investments to grow my portfolio while keeping my down payments as low as possible.

I bought this residence with my VA loan but realized I should have used either conventional or FHA due to the low cost of the home.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

That's useful for informing decisions.With respect to the interest rate: I do have a sense that borrowing at such a low rate can be viewed as an asset.

Securing loans with a low credit score is possible through private or HM lenders.