It is possible, with my engineering background, that extra education combined with my real world interest could get me in with a major developer doing some kind of analysis and learning the profession.

Especially don't use the combination lease option forms realtors push.

So, if you buy with nothing down, you'll either have to have a very good deal, a good appraisal, some appreciation of some combination of all three:http://www.freddiemac.com/sell/factsheets/pdf/cashout_refinance_mortgage_389.pdf

@Steve BabiakI was combining the concepts of getting it rented and keeping it rented to equal Minimize or eliminate vacancies.

Also keep in mind that if you're doing high volume like most of these guys, you'll get better pricing.Our pricing is about 30% lower now than when we started -- this is a combination of experience, finding better contractors and doing more volume.

Are you investing for immediate cash on cash returns (cash flow), more long term appreciation, or some combination thereof?

I REALLY like that combination.

Front and back end might refer to percentage you can afford for the payment of PITI for the 31% and 43% for all your debt payments combined.

Most are split into a studio/1br combination.

I could do better if I lived in the area but the combination of low purchase price, low cost of living and a city that has been cooperative with me when I needed their help.a property that you can buy and rehab for under $25,000 will return $550 monthly rent with taxes under $1000 and insurance around $600 .