Ideally you are accessing sweat equity combined with market appreciation.Good luck

It may be a combination of different strategies, just like if you are driving to a destination you may quite possibly take different freeways and streets to get you there.

If you can combine cleanout and demo in the same operation, do it. 

I contributed the max ($6,000) to my SD Roth IRA in May, knowing my (combined with my wife’s) AGI for 2020 would be under the $196K threshold.

Needless to say, combining the two is A LOT.Good Luck!

@Reagan Huefner Your rent to purchase price is good, but repairs and capex combined at only $1620/yr. is not a reasonable budget IMHO.

I rehabbed it for $50k, using a combination of friends money, credit cards, and having the contractors waiting for the final payment (some were high school buddies that knew me and wanted the work).It appraised at $185k after rehab, I refinanced through a standard bank and paid off the seller, the rehab costs, and got back my original $8800 plus about another $20k, which I then used for the next place.So it can be done. 

My current assets won’t get me much approval however the people I’d be investing with, combined, would help me get that first property with a higher sticker price than I could afford alone.

Buyers can also qualify for a Title 1 FHA loan on a home, lot, or both combined so you can pretty easily tap the first time home buyer crowd.

Combined our team has over 15yrs experience of owning and managing 1-4 unit rental properties.