Quote from @Arun Maheshwari: Hi,We are looking to buying investment property ,Townhouse/Condo in Connecticut(Hartford).

Buy a 2-4 unit property with an FHA loan (3.5% down), live in one unit, and rent out the others.

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs.  Here is a checklist. You might have additional items depending on your market.1.  Cash portion of purchase ...

Or you can buy one from AIA as they have short form standard contracts. 

I’m looking to buy a vehicle this weekend, specifically to transport supplies to and from my rental property, and to work on the property in between tenants; the property is 700 miles away.

typically (as you probably know) you buy something distressed, with either cash or hard money, you fix it up, and then you refinance into long term debt. 

Quote from @Angel Romero: You'll get plenty of advice on what to buy, where to buy, how to cash out equity, setting up an LLC, and other noise.

Keep it simple, paint and carpet, buy a good house in a quality area.

@Lindsay Davis"$150,000 can buy you a tenant-ready 3 bed, 2 bath single-family home in a B-grade neighborhood.

We're ramping up to offer seller financing in BR this year, and we buy seller finance notes in LA in some circumstances.