I guess that is the beauty of getting paid by credit card in advance for your service (at least for some anyway)!

I have very little monthly income at the moment, because I'm not at home.

I also may end up getting more involved than I'm thinking at the moment.

Everyone has an opinion but that is where I am placing my chips for the moment.

I am currently doing the same thing have 20% down for around a 100k property but I have found a beautiful quadplexes for 200k so I'll be putting 10% down to create more cash flow for myself.

Adrian Chu - We are more interested in cash flow at the moment, although appreciation is always a good thing.

@Johnny KhouryI looked up your home on Park Forest and from what you paid for it there is maybe at this moment in time about a $10k equity spread from other sales in the area. 

We have been mailing both Owner Occ and Absentee Owner for quite some time now and, at the moment, absentee owner had more success.

As for the court house steps, usually you need 5-10% cash deposit at the moment of the bid, with the balance due 24 hours , or whenever (some places 4:00 that day, some next day, some 100% at the time of the bid).  

Cash flow is most important to me at least, the beauty of real estate is the use of leverage to increase returns, take advantage, but don't go over your head and get 50 rentals with huge loans on them.