Sometimes you will have that next person/family lined up and ready to go, but sometimes it takes much longer and you need do renovations or at least some repairs.

Are you seeing a line of cars outside of the property?

I know from experience that finding the right deal takes time and effort but the right tools can help you analyze more deals in the same time, making you more productive.

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

as @Marcus Auerbach alluded to, out of state / remote / out of country investing is difficult... do you have everything else lined up?

All our product hits the 1% rule and our investors love the cashflow.  

Test him and ask if he can give you 2-3 choices from his portfolio.If he gives you a line that this is his "best" one, or that the others are spoken for already - WALK AWAY!

Ken, if the bottom line is you think subject to deals are or can be “dangerous” then I agree! 

do you have a PM lined up? 

A landlord policy can be a commercial policy or a personal lines policy.It's the same as asking if you should buy a single family rental or a 1 unit building.Focus on the coverages and disregard the name of the policy.