Our goal is to be financially free in 20 years, and use real estate as part of our investment portfolio to achieve that.

Throughout the years, we've saved a significant amount of money, by being debt free other than our mortgage.  

There are all sorts of reasons people who have been my tenants have been late with payment and it's always been resolved without financial impact to me.Don't be afraid to give them the 3-day - it's a shot across the bow.  

@Daniel PattersonDefinitely check out Frank's book like Roy mentioned, but we typically use Cash-On-Cash Return, Cap Rate, and Cashflow after all expenses, renovations, and debt service.

A local bank will qualify you based on debt to income ratio.  

Not enough equity in the home(recent SFH have sold for $90,000 and up). 3.with all the fees and closing costs loan will not make financial sense for the bank or myself.

I want to know the financial ins and out on purchasing my first property as well as how to find the right home that will yield the biggest profit. 

and can you get complete financials for 2 years?  

The buyer’s agent must disclose to potential sellers all adverse material facts actually known by the buyer’s agent including the buyer’s financial ability to perform the terms of the transaction and, if a residential property, whether the buyer intends to occupy the property.A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.Transaction-Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties.

Best is a job with a REIT, real estate mutual fund, real estate equity fund, real estate debt fund, or private real estate investment fund.