Wanted to close the loop and let everyone know how this is progressing.

That means NO DEBT of any kind.10-12 is a good number and easily managed by one person, depending on your other committments, family, additional education, job flexibility etc. 10-12 FREE AND CLEAR keeps you from the hassle of working for other people, although if you have a very flexible job it can be great for steady verifiable income and providing health care benefits.Read all you can about financial management (Dave Ramsey is good, also "The Millionaire Next Door") and know how to do as much of your own work and finances yourself.good luckall cash

As a contractor I understand where they are coming from...but if you are purchasing all materials and they are local, there should be no reason for that much up front, I've traveled all over the US for investors and even then only generally have they pay for hotels for couple days up front and we get payments as work Progress's.

Nobody is going to place a lien on anything UNLESS OR UNTIL, you fall behind.So yes, with a credit score of 777 and steady income, you'll qualify for anything the numbers will support according to the limits of your DTI and down payment.Yes, you might be able to buy through an LLC, but most lenders will require you to personally guarantee the loan of a brand new LLC.

This allows us to deliver the features with the highest business value first and to progressively deliver fully-functionally validated, and tested versions throughout development.

My current situation: Im 24, My income was 22,000$ In 2014 (with my current steady job) and really low in 2013 (cant remember the number, but was jumping from job to job) and a 750 in credit score.

I'm hoping that in having a steady job and a real estate license on the side for extra income here and there, that will help my chances to qualify for more loans. 2016 seems to be my educational year where I learn everything I can about this business, lay my financial foundations and get things started soon after that.

I echo most of the previous comments about limiting upfront money and using progressive payments to contractors. 

Let me tell you something about quality tenants with steady incomes and respect for rental properties - they're a lot like you and I.

Here the numbers on my first property:Acquisition: $50,000Cash to close: $14,000Mortgage PITI: $329Management, Repairs, CapEx, Vacancy, Utilities: $360Monthly rent: $850Monthly cashflow: $161Cash-on-cash ROI: 13.8%Not a killer deal, but it's great to finally be making forward progress!