There are also intermediate things you can do… like take a loan against the property if you needed some cash somewhere down the line.  

I have no credit debt and $12,000 of student loan debt I'm looking to pay off within the year.

I aim to apply my real estate knowledge to build a portfolio of rental properties, starting with single and multifamily homes and eventually expanding to apartments.Should I pursue a degree in financial planning or accounting to complement my minor?

I  know that there are certain stipulations that come with the grant and I want to use  FHA  loans to keep my down payments low.

I have very little equity in it and my loan balance is around $400k. 

This affords the opportunity for a homeowner to sell the property if it is not under water for market value and pay off the loan before they are foreclosed upon, or more commonly, short sale the property with the bank's approval. 

One time close construction loans have higher interest rates than traditional mortgage loans .

Let’s assume the property has $313,000 in NOI Valued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow +

How long it takes to be financially ready is different for everyone.

Some people cater to visiting sport teams.Some people like to flirt with risk.....just saw a guy near me get reported for is AirBnb that he used a VA loan to buy, but never occupied it....too many parties, neighbors complained, he still didn't stop it, so they contacted Inspector General and reported him for loan fraud.