@Jenna Gainey  your post is very good.. but I do want to caution folks  in a full blown foreclosure ( depending on state) 30% equity generally is not enough to ensure a 100% return of your capital.also HML  ( that are operating companies) no longer loan on collateral only..

As far as length of loan and interest rates.

Working full time, finding properties, and putting in offers has been difficult for me.

I sent out a hand full of emails.

I kept that license for about 30 years but I never did that full time.  

With 5 mortgage payments, PLUS rental, we would be able to achieve full ownership of the property in a (relatively) short time span.

Are you tired of the 9-5 grind and not achieving your full financial potential?

I am a novice but I have the time now to go full-time so that is my goal.

I am a full time land manager for a private oil and gas company in Fort Worth, Texas and am excited about becoming more involved in real estate investing.

I also kept a real estate broker license active for about 30 years but I never did that full time.