(Don't pay for DD or O&E until you are locked in with your seller.)

@Rick Willson  I would go prepared with the following:last two years tax returns with all scheduleslast two years W2slast 2 months bank statements to show reserveslast 30 days of pay stubscurrent leases for each propertyif any rental properties were acquired this year and not listed on your schedule E yet, proof of receipt of rent or security depositmortgage statement, tax bills, proof of insurance, HOA statements for any other properties, including your primary residence There's no need to look "bigger than you are." 

@Robert E Bogino 180k

I have documentation on 2011 mortgage, my schedule E tax returns since 2011, recent renovations in 2017, insurance covered renovations in 2018 and recent refinance that removed PMI and lowered rate by 0.25% (cashed out some to pay off credit cards). 

Originally posted by @Randy E.

R/E is  what I do for a living.  

@Randy E.

Hello.My name is Terry.I live in Brooklyn NY.My main field is E-commerce - online sales.Recently I became very interested in Real Estate investment.I do have 200k just sitting in my bank account and I want to invest them asap.But unfortunately for me I do have very little experince in real estate.So I would appreciate any suggestions on where to start and what is the best way for newbie like me.

A lot of time compared to e-mails, a phone call or chat. 

Originally posted by @Brad E.