If you intend to rent the property out after you live there for some time (fha is a year I believe), I’d focus on items that are going to attract the biggest pool of renters when doing repairs.

@Mark Koontz make sure you're probably licensed.1) The biggest time-saver is scheduling showings.

Mold remediation and water infiltration were our biggest obstacles.

(No kids, excessive debt, responsibilities that come with age, etc.)By the time you reach 21 onward your experience level will be that of a budding pro when others may not even have begun which would be incredible for you and would carry a lot of momentum.My biggest advice in the wholesaling world would be find someone who is doing it and doing it well, ask them to bring you on for free or very minimal pay and absorb all of the knowledge in return for time and effort.

The biggest step now is, how do I file it with the County Clerks Office? 

At the end of the day, your biggest asset in getting into real estate is a stable W2 job.That being said, it probably isn't what you mean, but my first job out of college was for a retail real estate owner operator.  

You just need to discover what the biggest need is from the seller, and negotiate some of the other terms to make it work for both sides.

This is the biggest thing keeping me on the fence. 3a) I have several million dollars in equities, and another several million in CDs, and the CDs are paying me 5.2% for zero risk.

DSCR lenders will run personal credit (which, along with LTV and DSCR, is among the three biggest factors determining your rate and terms) and typically require three to six months of PITIA “reserves” in liquid assets.

I can't speak about other markets, but in my experience the 2 biggest parts people miss about Memphis is the growth in the MSA population and the MSA GDP.While the City of Memphis itself has stayed relative stable in population over the past 50 years, the greater MSA has grown almost 50% during that time frame (see chart below).