Or a cash out refinance both have its pros and cons just search for some blog post about the difference to educate yourself.If there is no equity save as much cash flow from the deal as you can if not all and cash flow recycle.

Again, the property is in good condition so repairs could be between 10-15k but I choose $15k to be conservative.Here is the funny part...I’m excited, I’ve done my homeworks, I’m getting educated-strong job+income etc etc but don’t have too much or very low low liquid$ to get into.

My husband and I started out with about two years of stalking the forums here on BP and listening to the podcast...it was a huge source of education for us and gave the confidence we needed to close our first deal. 

Be careful of the education trap though!

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

I highly suggest you get some education  through  someone like Scott Carson or Eddy speed

This is the best source for you to continue your educational journey and leap into REI.

Hello BiggerPockets..Where can I get my real estate terminology and education from about being a landlord ..The ins/out of the business including insurance ,where to look in Georgia for a multi family,LLC, Refinance,Exit Strategies,etc

They try and educate people on what works for them, but its not for everyone.

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.