It'll be tough to get into a pure investment in your area for 35k but here are a few options:- partner on the second deal- if the numbers make sense and you could get more cashflow then you could look at a higher price point but my guess is this will be difficult to find- Buy your first property as planned, and save the 35k as reserves and/or just keep it for the next down payment on another FHA after a year- find a place that needs some work where you can use that money to fix up and force appreciation to the propertyPersonally, I would look at those last 2 options where you have the cash on hand ready to deploy for the next down payment or rehab costs if needed.

I still need to weigh out my options. 

Failure to complete the transaction forfeits the $20,000 option fee. 

Thanks for mentioning Easy Street - I'm always looking at and for more options.

I am looking at these options since both of these may be within the budget for my investment.Please let me know your thoughts ?

The MLS, due to high competition and normally high asking prices, wouldn't be the best option to find deals. 

I use cabinetgiant.com, who provide a RTA cabinet here in Kansas City.Here is a recent forum discussion with some other options as well.http://www.biggerpockets.com/forums/84/topics/161076-kitchen-cabinets

Does anyone know which rent to own company is best for this option?

I like Stessa with how it sets up separate bank accounts per each my properties I don't like that it doesn't give the option to have like maintenance request or repairs from the tenants.

Here's an article explaining some of the options you may run into: https://streeteasy.com/blog/nyc-real-estate-agent-splits-com...