You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

I've been where you are and now I own many properties out of state. 

I’ve found a distressed property while driving & I want to contact the owner but they are not living in the property.

That in the Dean wood area are maybe the only two area in the DC  where the properties have not jump through the roof.

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

Without doubt int his market a property can sell itself, so can my car, or a can of soda, if it's an awesome enough deal right, so nothing special there.

Biggest pati le is getting approved from VA and bringing property up to regulation.

I currently have 2 rental properties in ATX that I flipped + fixed and then rented out.

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

Hey everyone,I’ve been working in real estate for a little bit now, and like many of you, I’ve found that two big challenges keep coming up:Finding distressed or off-market properties before they get picked up by others.The time-consuming process of property analysis—especially when trying to figure out ROI, ARV, or repair costs quickly.I’m curious how you all are dealing with these issues.