Most investors start with "house hacking", getting a 2-4plex and then renting out the other units and owner-occupy one of them.yes, buying and renting out property is a wise idea as long as you rent to good tenants and charge them sufficient rents to justify the cost of owning the property.

Most of the time a 5-10 year amortization the property will not cash flow after debt unless the loan to value is sufficiently low, which most borrowers are not looking for.

If you want anything to go towards paying the balance down, you have to pay extra.But really this is a sufficiently basic question that you should be asking your lender. :)

Also factor in the value of sleeping well at night and avoiding the constant desire to stab your monitor with a pencil. 

From there, let the net income build until you have sufficient cash flow to buy another property, or sell them all to buy a small multi-family or something else.But you just have to run the numbers based on what your current properties are renting for, what your payments are, etc., and what you think you can buy additional property for. 

Upon further though I decided to wait to increase rents until I had improved the property more sufficiently.

The truth is, you can list this with a $50k price drop and then have a flood of buyers (assuming the buyers pool is sufficient in that area) bidding it up to where it should sell at.

Also, once they get out of the infant stage and start sleeping more regularly life gets a lot easier (4-6 months old) You’ll be able to do a ton of real estate research during all the midnight feedings!

If I did, I never saw em.But I need some BP feedback here so I'll be able to sleep at least a little.

@Chris Sukala If this is a foreclosure auction with the county you will be receiving a Certificate of Title which should be sufficient to prove you are the new owners.