As they see their money is safe and you're succeeding with your plans, they'll usually ask to increase the amount of money they loan to you.

If dipping into your emergency fund makes you uneasy, you might consider waiting a bit longer to build it up or look for ways to increase your cash flow on the current property.

Kind of the mentality of the war torn countries like Angola/DR Congo - where leadership thinks "get them conflicts going and get them blood diamonds making us rich".

With your income, you may qualify for an FHA loan with a smaller down payment, but buying now could limit your borrowing power and increase monthly payments.

Additionally, the house is 25 years old and could use cosmetic updates to increase rental appeal.

Also, hyperfocus helps me find a home with the right conditions - a stable but increasing-value neighborhood.

I've been gradually increasing rent.

He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

With regulations increasing we've been seeing more and more people who want to invest in STRs start investing in Vacation rentals.