I intend to take out my initial investment of 20% by getting it refinanced at the actual market value after i have bought.

@Miguel Bautista I just installed windows and I too initially scoffed at the prices, I got one quote for $400 per window, I wish I took that, it was the lowest I believe, I bought cheap windows at HD for $160 each and tried installing them myself, pretty simple until it’s not, I had wood rot problems, honestly still easy and you could do it yourself but will take time and stress you got a lot so once you learn one easy you do the rest.

The initiative is key, which you already seem to be taking - learn, connect, and don't be afraid to make that first move! 

@David MurffYou can have an agent help or initial it yourself.

This is about 50 days after signing the initial contract.My lender just told me the underwriter said I didn’t have a good enough DTI ratio so the loan was denied (I’m self employed.

.* Initially, you will have some meetups where either only a few people show up or none at all.

I know real estate is where it’s at, and my first initial target to get started was a single family home rental.

Why not pair up initially with a Realtor in that knows the area that you're wanting to invest in and leverage their access to the MLS while you start getting your plan worked out and consistent money coming in?

With ARV at 135,000 at a maximum loan of 70%, you can borrow up to 101,250 which means, in this scenario, you could get the 85% of acquisition and 100% of rehab, i.e. total loan amount of 83,750 with an initial release at close of escrow at 63,750 which is 85% of acquisition, and, the rehab holdback of 20,000.15% of the 75,000 acquisition down is 11,250 and closing costs are likely ~3,000 so you initially need ~15,000 to closeAfter close, a prudent hard money lender will require reimbursement style draws which means you must first complete at least phase one of improvement/rehab to the property before drawing down on the rehab hold of 20,000.With only ~5,000 left over after close, you don't have much room for soft costs like utilities, nor much room to get the rehab started, nor much room for the monthly debt.

Just need updating and adjustments to attract high rate STR guests in the 5 rental units.When buying these we were initially approved by 3 mortgage co's for conventional mortgages, just to be later rejected because these are multifamily bldgs with land deeded to each bldg while also being within the grounds of the condo assoc.