You can do this 3 ways - decrease spending, increase income, or both.  4) Set goals and stick to them.

Some investors have money and are looking to make strategic purchases, knowing values and rents will increase over time. 

My cashflow will have increased though by maybe $4 - $5k/mth and would have to wait a few months before I have another 20k saved up for another down payment. 

Or see if there are ways you can improve expenses since Cashflow can be improved by lowering costs or increasing revenue.Personally, I dont have enough experience to guess. 

It doesn't take any thinking or smarts aside from consistently buying. :)

You will need to make sure weekly, monthly, quarterly and annuals goals are met, vacancy is kept to a minimum by either increasing your renewal rate or always marketing, keeping a tight watch on all R&M/capex as well as managing your cash position. 

I just renewed my first lease and gave the tenant the option to renew with a a one-year lease /2% rent increase or two-year lease with no rent increase. 

I like how his analysis of demographic trends point to sustained/increased demand for multi-family and rental properties in the future. 

Unlikely you'll be able to increase the price and get the seller to commit to paying them. 

@Ron Willbanks I've seen people do it for state of mind and also to partner with others so that they can each invest half of the minimum in double the number of deals (to increase diversification) but, as others have said, it's not necessary if the Sponsor structures efficiently.Unless you have a special circumstance, it's kind of a waste of money.