I just received the pre-approval letter from the credit union and I want to see what people here on bp think.

@Julie Marquez I have had people sending me letter to buy our property on Guilford Rd.

I've found it invaluable to have someone to talk to when I hit a stumbling block. 

Baltimore is generally block to block, but in those neighborhoods, you'll be pretty safe.

I live in Pleasantville ny, easy commute no matter what route you take (train/car) and our leases for the renovated units in our 6 family a block from the train is: 1900/1 bed, 2400/2Bed, 3500/3 Bed (the other 3 units have long term tenants and are not updated so rents are lower)

Save up.Perhaps, if you feel the urge and are comfortable with higher risk, you can use the money you have now to advertise, sending yellow letters to distressed property owners in the hopes of picking up a place below market value using hard money and rehabbing it to refinance cash back out, but it's not always the best idea to start with a complex purchase with tons of moving parts before you've jumped in the game the traditional way.Best of luck, whatever you choose to do!

Obtain a preapproval letter including the maximum loan amount you qualify for based on your income and debt.Multifamily properties have more cashflow potential.

The lead came from a hand written letter mailed to owner.

@Gregory Norris snap shot of bank account, account statement or if it is a gift of funds you will need a gift letter :)

Sometimes it can take ripping out all flooring, trim, and fixtures, and adding layers of paint everywhere to block out the odor.