Lower Initial Costs : Buying a fixer-upper can be more affordable than starting from scratch.

I have been finding tenants thru Facebook marketplace, been lucky so far, but I’m plan to buy more properties and manage them myself, how do I find and screen them more professionally without paying anyone

We are looking to buy SFR's with a lot of rooms and later on we would buy SRO's or create SRO's. 

I'm on the west side of Elgin,IL and plan to make my first buy south or southwest of here.

An investor buys, flips, rents, manages people, and hold assets. 

Open to buy/hold, flips, hard money lending. 

She buys them distressed, renovates them, and then sells them herself for top dollar. 

Did I screw up by telling them I wanted to buy another property?

This factor can significantly impact your cash flow potential, especially if you're contemplating a buy-and-hold strategy.

There is also a True Portfolio program where you can buy a Second Home with only 10% down and can have a back end DTI of up to 49%.Best to have a conversation and go over all options than to take one lenders turn down.