So specific warranties and the duration of those warranties IF ANY a seller is given should be spelled out in the contract.I dealt with an over 100k water lien on a large apartment in Atlanta in Fulton county many years back.

Talk with agents and investors - ask what they think of a specific area4.

This is where all of the big budget busters usually occur. 

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it. 

You can certainly execute the BRRR strategy in this area, like any other area you need to buy right and have the right information on the specific location.

A detailed budget factoring in potential unexpected expenses should be considered.

Additionally, inquire specifically about Non-QM loan options and whether they have experience assisting self-employed individuals in situations similar to yours.Remember to carefully review the terms, interest rates, and fees associated with any loan offer to ensure it aligns with your financial goals and investment strategy.

Eventually it all comes back, its a matter if you want to pay the bank or pay yourself- both hurt in their own ways but we bet on ourselves every time.I can say a great way is to share your specific property when you are ready and there are a lot of great advice on what a good property can do.In any case, good luck, hopefully you execute a plan!

May want to budget for 6 months. 

Take a budgeting class and discipline yourself to control spending.