When the get rich in Real Estate Guru's talk about people having large number of SFR units in a portfolio, I don't think they really anticipate many if any of the followers to actually do it, that's mostly hype for the sales pitch, If they did it would mean they didn't truly understand the next level in RE investing.I would rethink your plan and conduct some analysis on obtaining Institutional grade Multi-family properties. 

So the apples to apples investment, where it's guaranteed ROI, would be a Certificate of Deposit, or Treasury Note, or similar, and those rarely offer more than your mortgage interest rate. 

I can fairly easily obtain financing (30-year fixed is generally what I go for) on the remaining $700K.

Without looking at my docs, I don't recall the certification of occupancy having any term associated with it.

I would skimp and save until I could obtain the necessary down payment with a little buffer. 

Buy a tax lien certificate from the county (or third party that already owned it long enough) and after statutory wait period go to tax deed. 

We were not able to obtain financing for the house due to its condition, so we took out no interest credit cards to complete all of the work.

Willing to help out in anyway to obtain knowledge.

Good afternoon everyone,I'm working on obtaining my real estate license in Washington state and was hoping for some advice about getting started.

I have a mortgage broker that's helping me obtain my first rental, but something isn't sitting right with me.