You also need to account for the mortgage, insurance, taxes, CapEx, maintenance, vacancy, and if using a property manager, the property manager fees to make sure you have positive cashflow and at the amount you are seeking.

Personally, I purchased my first home using a VA home loan last year in Colorado Springs for $200k.

Already pre-approved for and will be buying using a VA loan within 1-2 months.Realtors, please contact me to discuss more.Thanks.DJ

Using a 2x2 will help avoid any sagging due to humidity in the future.

But I think in all cases using a Wholesaler might be a great idea, but I can't get over the fact that if they have these great properties.Why aren't they doing it themselves? 

@John Zhao - I have been using a TK company for the past fours years who'd I recommend.

I just had a client of mine here in CT that I connected with through BP close on a HUD property yesterday using a hard money loan. 

call the escrow agent and verify the wire Are you using a known escrow company?

Hello Maddie,If your goal is to use your savings in two years to acquire an investment property then using a tax-deferred vehicle such as 403B would not be a good idea.

You can look into other ways to accept online payments and talk to the tenants about using a different service that is more efficient.Talk to the tenant and calmly and professionally tell them the expectations: That the rent will be in your hands by whatever date, regardless of their delivery method.