This BP topic, Total Available Market - 2, 3, and 4 units, describes the Raleigh market for property that meets Fannie Mae 1-4 Family underwriting. 

think about how long it will take to recoup all the costs i just mentioned.if you want day 1 cash flow... open a savings account.i say this not to discourage you but to help set expectations.Nicholas is spot on.

I look forward to learning, taking action and networking on this platform. 

This may potentially require a HELOC or something similar if I don’t have enough cash left for deal #2.

You are reading books, but not interacting with real estate investors at meetups which is why both things you said don't make any sense.

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well.

Can i do this hypothetical?

How do I acquire this property?

I've searched this forum but couldn't find much information on this.

Background: I offered on a condo (still a newbie to investing myself, although this would make my third STR and second in one market), and the same day a second offer came in, higher.