I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?

I'm interested in flipping, and short-term rentals at the moment to build good cash flow, then pivot into more of a buy-and-hold/appreciation play 10-15 years from now.

Keep your focus on how many crappy properties you can buy each year, instead of buying fewer but better properties.

So does that mean I can't buy from a related party at all?? 

I buy houses in the Memphis market.Terry Clothier REI Nation

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

We have family teams in place in both markets of Texas & Virginia and source deals on/off market through agent referrals, cold calling motivated sellers and PPL.Well, if you get more deals than you can handle and they’re too good to be true I have a friend in San Antonio that buys properties I might could point you to. 😇 

It is just as easy to buy a bad deal as a bad syndication.

Deciding to buy a duplex or SFH.