@Joe M.The education from BP and most other reputable sources always taught to keep reserves.  

That should give you the market, use multiple sources.

I've read through some of the beginner guides, some articles and heard some of the podcasts and now believe that RE estate can be stable source of passive income if planned out properly.

I agree there is alot of hype but that only proves you shouldn't go to politicians for real information. know the source.

Facts below:-3.5 month close to season downpayment fund source i will be using-$500 earnest money deposit-Current Valuation: $180,000-Sale Price: $170,000-Tentants in place, rented at $1290/mo-historical 1% vacancy

Others felt that they needed to close NOW and get a tenant in place to have an inflow of cash at a time when other sources were being challenged.

A lot of sources say it caps at 25% but I am wondering if that is flat or not. 

I have heard from one source that I would need a sellers license and to be sponsored by a broker.

@Gary L Wallman - I'll start with your 3rd paragraph: if you don't understand the reason, you need to find better sources of information that will explain the logic behind it.

(Good parking situation is helpful when you house hack so as not to raise the ire of the neighbors.)How'd we source the deal?