Something to keep in mind is that they'll still want you to have 20% of the total cost as part of your liquidity to make sure you cover cash to close, interest reserves, and initial rehab cost.

@Mindy Jensen might be something to consider for the update. 

Will definitely keep all this information in mind. I

That downside didn't really seem that bad and in the back of my mind I knew that I could be successful if I put a ton of energy into the projects.

Keep in mind, I will need a place to stay so I technically could get two houses but that just sound so overwhelming at the moment...

Being new at this, I thought you would only use one agent, but I just read today from Mindy Jensen, "Remember, you can have more than one agent bringing you deals," in her article, 7 Actions to take while searching for your next property.So, it sounds like it's true, and it makes sense to me.

Originally posted by @Mindy Jensen:It is SIGNIFICANTLY more difficult to get a traditional loan without a W2.

The purpose in mind is long term wealth/cashflow.

Hi Mindy,Double closet rods are helpful, and so are hooks on the interior side of all doors.

i would stay away from SFH as your first purchase. you are 100% responsible for that mortgage should something happen like you lose your job or something. a multi family gives you breathing room. one thing to keep in mind is the taxes...sure the Bronx may have higher prices compared to NJ....but you can find properties in the bronx with 2-3k annual property tax rates.....while Jersey has some of the highest property tax rates in the country. factor that into your math and not just the purchase price.