Depending on how much liquid cash you have, you could also invest too on the side if you are looking to scale rather quickly. 

Depends, do you want to "Gamble" your rent payments?

For a $200k property, the minimum down payment will depend on your lender and financing terms.

Both work, but it depends on what you are trying to accomplish and your budget.

Quote from @Ricky Hernandez: Hi Everyone, I'm planning to purchase my 1st home in Arizona and was wondering if you had any good tips on finding a dependable home inspector? 

It really depends on who you choose. 

You learn the most about being an agent in the field and by choosing a good first brokerage with good training either in-person or online, depending on your preference.

The key is balancing cost with the value of your time—both approaches can work, depending on your priorities.

Depending on your income, I would focus on growing your sales business and then dumping all of your income into real estate.

Depending on the complexity of the deal, you can have a few revisions, negotiations to the contract.To me, the focus of the calls is to gauge whether or not the seller is motivated to sell, and if it fits into my buy box, and the price fits my return criteria.