That gives me some negotiation power.

Our thoughts were that 50k would give us about 250k in purchasing power (20% down of 250k investment).

Networking has been my most powerful tool.Of all of the books i have read, marketing i have sent out, research i have done. 

You should also be able to say "assume no less than $X,000" in gross rents from the other units to bump your purchasing power.

This is in particular why a reverse exchange can be a powerful tool. 

Being financially free is too vague...you need to find what you are great at (super powers) and build an empire around you that can handle everything else.

@Janelle Groenhout You and your husbands story is great, I love seeing power couples in real estate may many blessings come to you guys!

Be ready to provide them a clear picture of your financial power. 

The pages below do not discuss additional forms investors may want to include such as; disclosures, agreements after closing, personal property agreements, MLO paperwork, transfer documents, trust agreements, buyer/seller repair contracts, lien paperwork, closing checklists, addendums, seller brochures, power of attorneys, or additional title work needed, etc.AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming(The links above take you off this site.)Hope you find this info useful and helpful.

Buying with cash also allows investors to buy heavily distressed assets that would not otherwise qualify to residential or commercial financing.The con involved in paying cash is you greatly limit your buying power.