I'm going to connect with you so we keep in touch :)I appreciate the response.

It'll be tough to get into a pure investment in your area for 35k but here are a few options:- partner on the second deal- if the numbers make sense and you could get more cashflow then you could look at a higher price point but my guess is this will be difficult to find- Buy your first property as planned, and save the 35k as reserves and/or just keep it for the next down payment on another FHA after a year- find a place that needs some work where you can use that money to fix up and force appreciation to the propertyPersonally, I would look at those last 2 options where you have the cash on hand ready to deploy for the next down payment or rehab costs if needed.

I keep telling him that we’ll need to jump on something once the flip is done otherwise we’ll be paying more in taxes. 

Welcome to the BP forums, keep us posted on your journey.

In the current market investors may need to alter their expectations, tweak their strategies, and/or expand their knowledge and skills to keep them on the path to their goals.

If it's your first one - HIRE AN EXPERIENCED MANAGER.A lot of these are tenant management issues like private/Medicare pay and keeping vacancies to a min.If you build and get it running well, then at least you can decide to keep it or sell it at a better price

I will be happy to keep in touch if I do a deal in SC. :)

If you have time to complete projects in your home, practice those skills and keep a log of how much time and cost everything was.  

When you have equity that is a good thing, but the smartest thing to do with your equity is to keep banking it.

What if your tenant breaks the rules continuously and you keep getting fined.