While I've been able to get out of my W2 after acquiring 30 properties, I've learned that you still need to generate some sort of active income unless most of your doors are completely debt free.

Is this for a wholesale deal or are you looking to acquire for yourself? 

I listened to some of these gurus (including a few people on BP) about acquiring doors to have "financial freedom" and bought 2 Class C properties in Indianapolis, not hating the city just my choice of property purchases - that cash flow on paper has turned out to be -$300 to -$500 a month.

HI Abigail,Acquiring a loan, lenders always look into 3 metrics Income/Assets/Credit.

Personally, I’d use it as a down payment to expand my rental portfolio, tapping into financing to acquire multiple properties for better diversification and cash flow.

In September, I found a property I was interested in acquiring online.

While we currently reside in California, our focus is on acquiring properties outside the state, particularly in Arizona, Nevada, Texas, and Pennsylvania.

. $100,000 is definitely enough to acquire a long-term rental in Montgomery—it’s one of the most affordable markets in Alabama, after all.As for your concern about being unable to lease the property out, I imagine you’ll be fine.

I own an investment property in Austin and plan to acquire another by year-end.

You have amazing loans that were, no doubt, acquired because they were primary residences.