Making 10 LLCs and bank accounts seems like a lot of work, but I guess I would be willing to do it if someone could give solid advice on how to stay organized.

Quote from @Jay Thomas: It's critical to take into account the current market conditions and financial viability when deciding whether or not to invest in a real estate property.

There are some exceptions as to when you can get away with a single stair (full explanation below) but you'll see it is not easy to do.I actually used to live in/rent a third story attic space with a single stair, and as a tenant I thought it was fine.

First step would be to get a PACER account and review the Lady's BK schedules to see if she has the property listed as an asset or liability.

A single maintenance issue could easily turn a positive cash flow into a negative one.

Account Closed Some might view wholesaling as ethically problematic because the wholesaler doesn't have a duty to anyone but himself and is thus incentivized to make the worst possible deal for both the seller and the buyer in every transaction.

Depending on what the property is, we could potentially do an all cash transaction, but I wonder if that would prevent us from further investments by tying up too much cash in a single deal.

I currently own 18 single-family homes in the same area (1.9m value, Cash flow avg 320 per unit).

Quote from @Richard Hoyte: What is a good and or acceptable amount of money to have saved up before buying your first rental property I'm aware this can vary depending on the state/area but is there a rule of thumbThank you ahead of time  Hello Richard, Your down payment amount will have a lot to do with this.If you are going with the minimum downpayment of 3 - 3.5% , you'll want to have at least a total of 10% of the purchase price (to also account for closing costs) + 6 months in reserves.

If you're applying for a Conventional/FHA/VA/ or USDA loan, then they will do a "global cash flow" where they take into account your PITI (Principal + Interest + Taxes + Insurance (hazard and flood) on all properties (second mortgages included), HOA payments, car payments, student loan payments, credit card payments, and installment loan payments in the numerator and your gross income in the denominator.