I highly recommend that you utilize a low down payment loan (preferrably 5% down since it has less closing costs, you can get out of mortgage insurance once you hit 20%, and you save your FHA for another purchase) and move into a 3-4 unit property.

When you rent a home you normally have to get a credit check so it makes sense that someone lending you a lot of money to purchase a home would also want to see your credit history.

Purchase price: $81,000 Cash invested: $210,000 Nearly full-gut rehab in the Captain's Landing Subdivision.

Our goal is to accomplish the final inspection within 72 hours.Ten days is unacceptable.

Our goal is to purchase a new construction home as our first investment, with plans to acquire four more properties in the next three years (4/2 around 400k with 25% down dscr loan) .

I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about.

So the most important thing when purchasing any property is location.

I am looking to pull out about $100k right now in order to purchase some investment properties. 

AND, why it's called INVESTING and NOT Pay-Check-Purchasing.

@Steven Catudal congrats on making your first purchase!