I own a business that generates income so I'm hoping to have in the next 5 years so that when I sell or close my business I am good to go.

CT is where I am located and for this state it's 5% EMD and the rest no sooner than 21 days but no later than 30 (that timeframe is when the closing process with the seller/borrower will take place)...But since my state has a judicial foreclosure process and every step must be court-approved I just wasn't sure if I have to put down 5% EMD before it gets approved or after(I want to note that the clock for the 21 to 30-day timeframe to close doesn't start until the court approves the sale) 

Purchase price: $305,000 Officially closed on my 2nd property.

Must be close to your property.Will depend on the market.

Will you make a profit after all selling/closing expenses?  

Look to see how many properties they have close to yours. 

I’ve heard of other agents buying “pop by gifts” or gifts for previous clients on closing anniversary, birthdays, holidays, monthly, etc. 

Watch out for fine print that requires an additional fee at closing - this is a huge red flag and how most flat fee companies make money.

They will tell you how much house you can afford.Step 6: Work with your agent to make offers on properties that fit your criteria.Step 7: Do this until an offer is accepted, conduct due diligence and proceed to closing your first deal!

@Eric Carr Another possibility is to start taking $ out of your 401k (or equivalent) at 59.5 an amount somewhat close to your RMD.