We have to be confident that our investment will be a good choice financially.  

Financials Purchased foreclosed: $220,000 - PITI $1385/monthApplied for and received a FHLB (Federal Home Loan Bank) grant of $15,000 that I used towards down-payment/closing costs.

My 'why' is that I didn't want anyone to have financial control over me.

I'm a former large cap commercial banker who now works in financial consulting.

I'm a CPA and worked in public accounting as a financial statement auditor for 3 years, and have since moved on to an accounting role at a large corporation here in town. 

If it’s the right relationship, that year compared to a life long foundation for financial freedom means nothing.

Tenants have to do the Application, financial details, lease agreement, check in / Check out sheet etc. good to have something in writing when taking over new property that is currently occupied.

I'm sure other institutions will loan more.I hope that helps a little.

Then, I would evaluate my financial position and see what the best way of getting started would be (in terms of property cost, risk, etc...).

Many people are shifting to the financial side of real estate investing like private money lending, owner financing, tax lien investing, or note investing (non-performing and performing alike.)