You are spot on to build a team - something I was slower to learn is to trust and build into that network - the sooner you can find advisors that are glad to help - the better investments you'll be able to make early on. Go

When I ran numbers it looked like I am able to come up with about 20K in personal savings annually (only including my salary). 

The most important being, knowing what cap rate is and how to calculate it, how to accurately estimate ongoing expenses, and repairs. 

(Please correct me if wrong) and then plan on going back up to 4-8 unit depending on deals at 20-25% down with out moving In.

(Please correct me if wrong) and then plan on going back up to 4-8 unit depending on deals at 20-25% down with out moving In.

Also if this wholesaler brought you this deal and you're planning on going behind his back directly to the seller, you probably won't get any other deals from him. 

Hi Guysthis is an auction i am planning on going too,its a 50's house,i saw these cracks on the exterior wall - couldn't get inside the house though..how bad is it?

While looking for my next SFRs, I ran a cross a well maintained double-wide mobile home that has been sitting on the market for a while.

If you buy the property from an owner, you have to pay the taxes anyway, so if you've got a contract they can't reneg on, go ahead and pay the taxes (get in writing that the owner still has to sell) to keep it off the courthouse steps for somebody else to snap up!

But now that I've owned three 4-units for over a year, I have a better idea of the ongoing maintenance and repairs and turnover costs.