Is there a certain amount of savings or financial cushion that experienced investors recommend before jumping in? 

This strategy showcases how buying directly from motivated sellers, renovating strategically, and selling retail can yield substantial financial gains in a relatively short time frame.

If you have gross income of $3k but ongoing bills of $1800 we know it may cause a financial hardship so that reflects in our scoring system.Hope this helps, but in my experience an interview is:a.

Another alternative here could be refinancing although it is likely your rate is well below today's rates.This is not financial advice, I am not a lender... just sharing some insights that have been shared recently. 

As a contractor and cabinet maker it made much more sense financially to purchase a home with a rental unit and manage the property myself.

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.

You need to look at all the financial numbers of the business/ hotel and owners won't release them until there is a contract in place.

Stay Financially Smart – Investing doesn’t mean taking reckless risks.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

Prioritize your financial stability.