Quote from @Michael Dallas: Real wealth is built by holding onto property.

How much it rents for is not determined by what you'd need to make it a good investment, it is determined by the market. 

Curt,I live in Florida as well down by the Gulf Beaches in Saint Petersburg.

I'd start by talking to a mortgage broker about your options, then save up and wait until you can buy in a good location and have adequate reserves.

I keep telling my fellow US investors how spoiled the are every time they start complaining about something (taxes, fees, regulations, rent, compliance, etc.) in the USA market ;-) Try making it in Europe and you'll need to toughen up by bringing along more time, patience and expect less yield.

Having 10% of 200K is 20K which can get you by.

Im currently in the car sales industry and doing okay but I know (or heard👨🏽) real wealth is made in real estate, i been intrested in real estate for a while now but always get held back by the time it takes to see nice profits.

Real estate prices and construction costs vary significantly by location, thus, it could make sense depending on the market your planning on building in. 

We told him if it was not done by a certain date we have someone else lined up to complete and will need 50% back. 

Im Curtis i would like to fortify by buyers list in Portland Oregon and Nationally.