Hello Leyha, Buying your first house with an owner occupied mortgage will allow you to come with less cash at closing and give you a better rate.

@Ricardo GonzalezMoving to Houston for your first rental is a great strategy, especially with its strong job market and cash-flow potential.

•Rent-to-price ratio – Section 8 and market-rate rents can both produce strong cash flow.

My question is: when wholesaling, after finding a great deal, do you need real proof of funds to the get the property under contact or is there a way to get it under contract, find a buyer and complete a double closing/assign the right to sell without actually having the cash for the property? 

Whether that be with cash, private money, or a standard loan.

Cash flow is tight in some markets, so run the numbers carefully before jumping in.Seller Financing or Assumable Loans – Some sellers are open to creative financing, meaning you might be able to put less down or get a better interest rate than today’s market offers.

hey kenneth, It is really difficult and any market right now to find cash flowing deals.

Purchase price: $770,000 Cash invested: $80,000 I own a two-family home in Westchester, NY, that’s a solid rental property.

Still costs money but less than the previous option.By the way, QuickBooks could be used for your NOI/cash flow tracking, with some effort and modifications.

Also consider Druid Hills (walkable to Emory) and Kirkwood (bike-friendly, MARTA)—both promise steady cash flow and access.I’m Anja, a Metro Atlanta STR/MTR host & co-host (North Fulton, Cobb, Gwinnett, Cherokee, Paulding), familiar with Decatur’s trends.