I would look at expanding your lead generation efforts to include creative financing options, absentee owners, tax-delinquent properties, high equity and probate deals that are off market. 

I purchased my first investment property through an online auction for delinquent property tax.

I can save a fair bit on state tax and rent as I'm currently living in California. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Jerry Norton is a predator scam artist every body dont buy his garbage.LOLThis guru debate will go on and on.An investment of time/money/effort is required in real estate investingIts the "success tax" or the "10000 hour rule" at play, we all have to PAY on the way to success  

Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

When accounting for carrying time on the bridge debt, taxes and insurance or alternatively over raising equity to take down the land, the costs add up quickly.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

You can dig into cash flow projections, tax benefits, ROI calculations, etc.

Property Taxes Will Likely Increase After You Move Out•If you have a homestead exemption, it will be removed when you convert the home into a rental.