I got the deal with seller carrying note for 12 months at $1,000 a month principal only, no interest, and tenant pays $1,200 a month so having him stay and pay is not a bad option but he is constantly late on paying so I could have the eviction option after I give the 60 day to evict, but the yard is full of cars and trailers and if he can move those out it will save me money as well and he will be paying down the loan each month, but games can start if I wait or hold off.

A few hundred bucks could save you thousands in taxes.You could 1031 this one into another property is that aligns with your near term plans.

Ultimately it's a decision that needs to make the most sense for you?

My plan is to utilize the license when buying and selling my own investment/personal properties, to help save money and one day, open up a property management company.

I have been saving money since I started working 4 years ago and think I have a decent chunk of change saved up to get me to my first deal within the next few months.

My ultimate goal is to acquire enough rental properties that will produce enough positive cash flow so my family will be financially free.I'm looking forward to learning and networking with everyone here. 

My savings account is giving me cash flow.  

From what I understand, most major banks will not allow them.At the end of the day, your decision is based on what your ultimate goals are.  

They might have a junior agent willing to try it out.You as a buyer have a certain amount of capital which took a long time to save and make it count which is understandable.

I am working on that but even after I save enough money for repairs, I wouldn't want to put all that towards a down payment so I was wondering if there was a way to avoid that.