Should I be cautious about repair cost in that seasonal climate or geo area?

I have about $200K cash saved to start out the real estate Journey and I have just been ever cautious in pulling the trigger on the first deal. 

We’re thinking the bottom line number is $230k with closing but are struggling (because we’re new and trying to be cautious).

I know that one bad tenant can ruin everything, so you just have to be cautious and make sure you select the right person.  

Maybe being a bit green to the platform has made me overly cautious about every aspect of a profile, but I'll definitely require ID verification regardless.

Buying 3 or 4 houses a year to get to your goal is great if you have the cash reserves and experience to renovate and manage, otherwise your first trashing of a property, bad rental period, and they happen, will end your adventure and add some time to your planned work life.Be cautious.

Yes, I am very aware that I do need a new tax person and lot's of advice/guidance but I am very cautious of people, rightfully so.

BumpJorge Borjas Jennifer Butler can you give us two good streets to consider for investments and two to be cautious of?

I post a short video on youtube to give them an idea of what it looks like.I have noticed more people getting cautious or wary of giving out any info at all.

@Kourtney Post if you currently do not have a FHA loan on your existing primary the option Larry pointed out is a very good one.Also be cautious your probably under capitalized to be buying a rental... the house hack works because your payment to live goes down.what happens when your tenant does 5k in damage and you use half or more of whatever liquidity you have to stablize and re rent.. this is reality some get very lucky but if your buying lower end rentals that cash flow cash flow in lower end comes with added risk and exposure to tenant damage