I am hoping to use creative financing to acquire it.

That might help your purchasing power and push you over the edge to acquire the multifamily househack that all new investors should start with.2.

just acquired a house for a rental that has Laminate wood flooring in the bedrooms and tile throughout the rest of the house.

Hi Everyone,I have currently acquired a property in Milwaukee, Wisconsin.

Personally that's what I did for my first investment and after that I started acquiring rentals in and out of state but you can't go wrong either way.

Our family trust did a 1031 exchange 5 years ago, one of the assets we acquired was a parcel.

You never know that you might need those funds to fix/repair the house once you acquire it.

The IRS, in a now discontinued Publication 535, used to say:If you are an individual and your attempt to go into business is not successful, the expenses you had in trying to establish yourself in business fall into two categories.The costs you had before making a decision to acquire or begin a specific business.

Where with that same 600k you can leverage it acquiring several properties at the same time putting 20-25% down on each increasing your monthly cashflow and the amount of market appreciation you'll be able to capture. 

My advice to you is to build out your own very specific goals & strategy, and then simply take action on that one specific strategy to acquire your first investment property with whatever strategy you choose.