I am in full agreement that a positive cash flow is a very important goal, due to the fact it insulates you from gambling on appreciation, equity, and rent increases. 

This is a big ticket item, on the order of $20,000 and up for the sort of full-on replacement you see listed here.

My tenant has brought to my attention that there’s a full blown flea infestation occurring in the house.

I am very new to investing and looking to build a team to help me pursue and obtain the goal of being a full time investor.

Account Closed Have a full title search done.

But the auction company says the seller won't reduce the price at all.Given that I had already spent around $1000 on preliminary title and survey,  I offered to get full survey and title work done to prove to seller (although it seemed like they already knew b/c 3 deals on this same property had fallen through previously), provided that the seller would agree to pay for it if we couldn't agree on a price reduction after that. 

The VAST majority of property titles full into the latter category.  

We both have full time jobs, our credit scores are very good, and we have some savings.      

@Josh CooperTo refinance if you are buying at full price you will need the property to appreciate high enough so you can pull your money out, or refinance to a lower down payment type loan, which will be difficult to find for investment properties.Not really a feasible plan for trying to scale.

Being military I like having full control of my assets and getting my hands dirty but the cost of travel around the country even with property managers is a big hassle however using a yurn key company like Roofstock , which is similar, I feel more comfortable with it.