You will also need to show some reserves.

I’m also pursuing my broker’s license, so I’d like to have some cash reserves when that time comes.

Exploring foreclosures, REOs, or sheriff sales can be good opportunities, but they require due diligence and possibly some cash reserves.

Do not keep on waiting for the time to buy,  right time is now if deal is good and you have the reserves to buy:)

There are some workaround these requirements, but it comes down to Experience, FICO and Reserves 

However, the outline below is fairly standard across most business plans.Executive Summary (Objective, mission, keys to success, etc.)Company Summary (Goals, operations, ownership & personnel experience, etc.)Market Analysis & Strategy (Approach for finding deals, investment strategy, etc.)Financial Plan (Startup costs, leverage, reserves, etc.)Exit Strategy (Timeline or milestones for exiting or refinancing investments)

If you don't have any liquid reserves, you should build up 6 months of expenses as an emergency fund (in case you get laid off, disabled etc).

However, some investors are comfortable with this approach, especially if they prefer to limit their initial capital and plan to refinance a few years after purchase—particularly as discussions about the Federal Reserve lowering interest rates into 2025 continue.Ultimately, successful investing hinges on selecting a growing market, a desirable neighborhood, and assembling a strong support team.

Just do not sink so much of your liquid reserves into a property use the banks money!

From the title insurance, the road says public rd, we also obtained fr title company of a grant deed fr 1963 that says “reserving easement” of this same road.