They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.

NOTESBuild-for-rent is the only game in town.

But I get it if you can invest 500.00 U certainly cant buy whole notes or secured positions with such a small amount. becomes a personal decisions make 7.5% with risk of losing it all or buy T bills for about 5% with zero risk.. its up to the individual investors.

I am new to the game and just looking for a good spreadsheet to analyze deals, single family homes specific.

My next step after posting this is to reach out to a few similar hosts for the style of property I am looking to invest in and see how well they do on a personal level.

I personally use US Bank [Big stable bank with Zelle capabilities], Relay [Checking and Savings 3%] and then Quickbooks [high interest rate 5%].

It also takes a personal guarantee from the borrower.  

Jake & I were both hard working, family men who were focused on multifamily and the long game.

For my personal investment journey I have done flips, buy and hold, BRRR, and wholesale.

House hacking will also give you some personal "property management" experience.