Then find the best mentor you can in that kind of investing.

I am not sure, that seems pretty close to me, but I live in Pittsburgh, and you can buy a house for a lot less than you can in Ca.

I need to do better and I can in my market.Back to your original question.

They are reserved for banks or private non bank entities who are willing to entertain these loan amounts and still be competitive - Up to 75 LTV, non recourse, 30 year amortizations, 10 year terms, competitive rates, and not only NOT require the reserves HUD and other agency financing does, but also less headache and faster closing times.I'd be happy to help any way I can in what you're looking to do. 

I'm also a new member here, trying to learn as much as I can in my free time.

I understand you do not guarantee any content, no one can in an open forum, but your team clearly works hard to police the site. 

As everyone said be careful to check out as much as you can in the house at the walkthrough and set a firm upper limit that you would pay based on the amount of work you think it will need vs. expected rent.

They are a little more conservative than I (and all of us) like, but can do more than a national lender can (in terms of not following every Fannie guideline to a T..)

This thus creates as a dollar amount a larger amount of discretionary spending...which you can in turn save and invest.Also even though DC is quite expensive....we have plenty of areas in the metro area that are quite affordable.  

I hope to find a job in residential construction in May and am looking to do as much as I can in the meantime while still in school.