I watched the BP podcast last week and saw there is one couple in NJ can put 10% down payment without paying any BPMI.

Things to watch out for:1.

There is no better way to learn then watching someone else do it, and going through the motions from A to Z.3) Continue to save.  

If you don't know what closing costs are, you need to watch a lot of YouTube videos.  

After discovering Bigger Pockets and watching and reading for numerous hours for a few days, I was inspired to think creatively to solve this problem.

you don't own it, you have no responsibility other than to watch for potential issues for your company as security. 

Really appreciate the thoughtfulness in everyone's responses.Continuing to watch San Antonio as it's an interesting market, given the growth in neighboring cities such as DFW, and Austin.

I'm not an accountant but one thing you may need to watch out for is depreciation recapture.  

I did run across a BP podcast on out of state rentals: https://www.youtube.com/watch?

I've been researching FHA loans because they are an attractive way to get into a property with less money down, but watch out for the higher cost of utilizing an FHA.