If you're targeted in your search and deal-finding methods, you can get your first deal without a heavy expense. 

The small town aspect does not scare me as that is the kind of community I prefer to live in and know many others that are the same.As a side note when trying to find tenants, what are the best advertising methods?

@Chase London For FHA loan you have to show 2 yrs of consistent work or 2 yrs of self employment.

@Chase London For FHA loan you have to show 2 yrs of consistent work or 2 yrs of self employment.

If not, he'll be toast, depending on his methods.

With the BRRR method if you buy right, hit your rehab budget, and maintain adequate operating reserves, you will not run out of capital.  

Hello Kim........I am an auctioneer in Maryland and offer properties for sale using the auction method of marketing.

@Amanda Malson,As a general rule, flip income is ordinary self-employment income, not capital gains.  

I have a buyer client who is self-employed and has hard time qualifying for a loan.

I work overseas and file tax returns ( excellent credit) but I find that lenders shy away from lending for investment properties or equity lines on investment properties especially when my overseas employer doesn't provide w2s.Do you think I should continue buying when I have cash, start flipping or look for lenders ?