The old school mentality that you need to save and then buy is exactly that...old school. 

I'm very intrigued and very interested in the step-by-step go do this go do that tasking type of mentality.

Moderator,, this is not a solicitation, US Commercial doesn't do Fannie loans and we always suggest borrowers exhaust any conventional funding sources before going portfolio.Hope this helps,Stephaniehttps://www.fanniemae.com/content/guide/selling/b2...

Finding how many lots can be divided into 10 acres if there's a road in the middle of it measuring X square feet..... all while mentally deciphering between 6 square miles and 6 miles square and other Trickery questions.

Before I make my first deal I'm reading all the books I can including yours and @Brandon Turner's book along with Many others and listening to the BP podcast and saving money as fast as it's coming in so that hopefully when that first deal presents itself I'm financially and mentally ready!

@Aaron Dvorinto answer your questions directly yes and yes.Some lenders can go to 75% and yes there is an experience requirement for many.You're in the shopping phase and it's important for you to exhaust each avenue, full doc, no doc and anything in between.  

Plus, it helps you save the amount to pay him, whether just mental accounting or actually moving it to a separate (interest bearing) account.

Not all tenants have the "entitlement" mentality where they feel they can boss their landlord around whenever they want because they are paying outlandish rent money to you (in their mind), but the ones who are like that will drive you bananas.  

A quick mental extrapolation says that 24k/month is possible even with my assumptions.One key here is what has been pointed out already in this thread- what rent ratio can you get in the current markets?

Honestly I do have another tenant that is also qualified to choose from, but this lady applied first and as I was mentally going thru my options this question came up!.