Yes I still have a somewhat high earning w2 income and I will be comfortable.

Josh Duncan Josh it depends on your comfortability level but I have been taking out 401K loans to fund my real estate and personally I love it. 

You can very comfortably and at your own pace set yourself up for a very stable start by strategically positioning yourself to be able to buy a property this way if you start preparing now.I hope this was helpful!

The property manager can make or break you, it has to be a PM that is working in that space and is comfortable there.I agree with earlier comments to look in the front and back yards to see how many old cars, abandoned junk, or treasures that aren't treasures are piling up. 

Get out of your comfort zone.

I wouldn't be comfortable buying a cheap property and not actually rehabbing it. 

Lending terms will be important here.I'd say the biggest challenge thus far is making sure I feel comfortable managing this remotely, as it's located about ~150 miles east of Dallas. 

If I don't feel comfortable I also give folks a chance to get a cosigners.

network with local agents to see where they took theres. but not much to it but go with who you feel comfortable with.

How much can you budget for furnishings and all kitchen items and creature comforts for the ones you want to MTR.If you have a vacant 6-unit, you have great possibilities to try all strategies.