If you are doing traditional FHA loans, you will need your personal finances in order.  

Although they're right in that those will be the best deals, you can still find some marginal deals in the MLS with traditional financing that produce minimal cash flow, but those deals will depend more on appreciation in the long run.

There are advantages to having a more traditional job that I didn't consider when I first stepped away from corporate America.  

I'm expecting to do a traditional 20% down mortgage (and looking to do seller financing for the 20% down) but am open to other options including a VA loan or a more "creative" option.- The seller has 2 duplexes that appear identical in Columbia county between Madison and Lake Wisconsin.- The pro forma rent is listed for $975 / month (estimated from gross income).- Each unit is 3BR / 2BA,1200 square feet.

Nor do I qualify for traditional banking requirements.

Looks so modern and takes less counter space than a traditional sink!

I would consider downtown Stroudsburg then. you wouldn't get that traditional Poconos vacation home in Stroudsburg, but in downtown Stroudsburg there is plenty of restaurants, activities, bars, and shopping.

There are several different reasons why you haven’t, however, I’ve found most folks simply haven’t been looking for them.Most investors I know tend to do the traditional kind of prop­erty searching.

Traditional IRAsSEP IRAsRollover or Conduit IRAsSIMPLE IRAsSIMPLE 401(k) Plans401(k) PlansProfit Sharing PlansMoney Purchase Pension PlansDefined Benefit PlansGovernment 457(b) Plans403(b) Plans

So the $600 payment on a traditional mortgage includes principal, but the HELOC does NOT.