The same rules apply when you list a property for sale or whether it’s for rent.  

I think cash flow will be sparse; if not, I'd be interested as well in seeing what Jonathan Boyle has to say.Low absorption rates, lots of new construction projects, and an influx of young professionals moving up from Hoboken and NYC Thanks for the info Robert, but if you want to 'make money when you buy, not when you sell', and place an emphasis on cash flow, then three reasons you mentioned don't appear to apply.  

And that applies to EVERY property you buy, so that at any given moment, no matter how many hundreds of thousands of dollars you owe your Lender, you should STILL have  at least 30% equity on every property.

I'll learn from others any chance I get and apply to my own strategies the best I can. 

Eventually you ("you" meaning people in general)  will start forgetting a lot of what you have learned until you apply what you have learned.  

The latter has more risk and {potentially} more reward, but as my uncle would say: unless you grew up farming, you probably shouldn't consider share-cropping  [The same would apply to renting pasture for live-stock on a per-head share].  

This rule does not apply if you purchased the home with CASH (more on that in section 2).

Your partner / private mortgage lender also is not the borrower to the main lender, so none of the PATRIOT Act stuff applies. 

What type of loan would work best for me with my first purchase and what should I have to present it to the banks when applying for the loan?

To Note: this is for buy and hold strategy, BRRRR may apply in some cases.thanks!