I understand you don't need a lot of space, but you are paying someone else's mortgage.I would start with a fixer-upper investment, up to four units.

The seller wanted to get 300k.

So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.  

Hi, Anthony, yes, I have had a lot of trouble with DM returning incorrect data - wrong owner or owner not found, wrong or no mailing address, very few sale dates, and now when I filter on lead status, it does not return all leads with that status.

Do you think it's better to start sooner with a cheaper property to get in, or potentially wait longer to save more? 

The seller wanted to get 300k.

You could organize your own in-person event and market to your avatar. 

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

Purchase price: $220,000 Cash invested: $100 Sale price: $225,000 Wholesale: 2 build property to a Developer.

My advice would be, if you truly want to learn the business, lease it up, refinance, pull some money out, and go on to the next one.