A mixed way is often best, with plans for money coming in and extra backup for any surprises.

I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?

I have a comprehensive lease with all my tenants that states they must pay for utilities but not specifically that it will be divided exactly like this. 

I want to start wholesaling and work my way up to buy and holds.I am currently planning my first wholesaling campaign, and I am about to take my first leap into investing.

Is your plan to rent by the room?

I am an engineer with a full time job, but plan on continuing to purchase rent ready properties to slowly build wealth.

It's good you are planning in advance. 

@Krista Goodrich I’ll be in town that day so I’ll plan to come to the meet-up on the 8th 👍👍

I am planning on being married in the next year and a half and my partner and I are currently saving up money so that we can start investing in real estate, we are targeting fall of next year to start and should be able to have $80,000-$85,000 to invest.

If the plans are super detailed or complicated forget about it.