I'm looking for some advice on financing to purchase a 2nd rental property.

So my advice if you haven't decided on a strategy already would be to try to choose just one strategy to focus on to start out with!

Alvaro,Chris' advice above is awesome. 

I wonder what’s your experience and advice.

. - underground oil tanks, septic) that are unseen can pop up in distressed properties a lot. that is sounds advice, I will definitely keep that in my tool box

- I have my real estate license, but I think I need a RE Broker's license which I cannot get for another 3 year (I think anyway) as I am only 2 years into being a licensed agent (and I am just doing referrals anyway).Any advice would be super helpful! 

I have a prospective tenant that filled out an application.However I need some advice on qualifying this individual.The current rent is 3600The applicant is a family The Spouse doesnt work The main applicant gross W2 income is around $10000 monthThe monthly net income is $5700No car loan's No credit cards balancesThey pay $800 month on a personal loan.Since a rent check is written after net income is received.

Bottom line up front, I bought an acre in an urban setting. I re-zoned the property successfully, have full construction drawings and are nearing permit for 8 apartment units. I bought the land for $250k ($100k down a...

Any advice? 

thanks for any advice!!