I wouldn't even consider this scenario if you have no business managing a flip, and you have never done renovation projects, as that is an arena where you need to have built experience and connections to just be OK.Let's consider that you decide to save just enough ($75k) and grab a $300k single-family rental with 20% cash down (plus closing costs) and you just rent it out (not owner-occupied) and you have limited reserves.  

I grabbed the contract and offered 100k less, and got it, Talk about timing.

I would say that you are looking to grab a Gator by the tail!

That being said being so quick to grab na property at my young age it may not have been the best deal; but I put 0 money down and actually got paid to purchase this property so I guess I didn't do too bad.

Be ahead of the game, grab chances that fit your investing plan, and keep eyes on your money aims.Good luck!

let me know if you want to meet up and grab coffee or something and I can tell you about some of the hangups I've had with the brrrr strategy.

We should grab some coffee and discuss.

If you are in the same boat like me, feel free to grab the guides and use them to your benefit.

If you are in the same boat like me, feel free to grab the guides and use them to your benefit.

I just want to be fair.The lesson here is avoiding the temptation to grab those checks and cash them.