The investor generally needs 6 months of "reserves" or savings of mortgage, property taxes and insurance (and HOA if applicable).

I took the hit personally and had to start all over in 2010 ..

Haha sorry not trying to start a new convo necessarily.

One sale can be worth 10-20 leases or more, personally I would rather work really hard to sell a few properties if I was just getting started.

She let me know yesterday that the hospital may push her start date back a week — sounds like it’s due to laggy intake processes (not her fault). 

I'd also add, you need to be sure they can pay and have some savings put away.

I found this one literally from passing though the area and seeing that they had started some sort of reno with a dumpster out front.

So, if you don’t get approved, you’ll have to start the eviction process which will also take several weeks until the tenant is officially out. 

Upon closing, that money becomes the seller's and in the case of seller financing is used like a down payment, or in the case of bank financing, used to decrease the sale price (and it is the buyer's responsibility to have saved whatever down payment the bank wants at this price). 4.

I have read and watched a lot about it so I have surface understanding of how it works, but I feel that I do not really know much about details like tax implications , among other things that could influence my decision to start investing.