Depending on what your investment criteria is, a strategy you use in South Boston (A class area/ A class tenants) vs Mattapan (C-D class area/ C-D class tenants) will vary greatly.I work with clients both experienced and beginners, acquiring and leasing their properties.

If not, what happens if you spend the 10K acquiring a property and a month in you have a major repair? 

Keep saving new capital and your dividends, and when you have $25,000 or more start acquiring your own leveraged assets, if you still want to do that.  

Acquire, rehab, resell, relax ... repeat.BTW: congrats on understanding yourself. 

I'm buying a package deal I acquired through direct mail marketing.

In Scenario A, I've acquired no additional properties and I try to buy a $1,000,000 property.

However, for me personally, I have quickly learned that I will need to acquire apartment buildings to reach my personal real estate goals.

Since there arent' a lot of houses available, should you squeeze all you can out of the houses you are able to acquire?

Is it possible to acquire a loan like this without being a contractor? 

I purchased property, acquired a tenant in one of the units then ronvated the other.