On a side note...my wife and I will also be looking for a house to rent next spring and would love to connect with owners who need a tenant around that time and would rent it to us for a reasonable amount.

After that amount of exposure, my following up and discussions with showing agents lead to multiple offer situations on both homes, netting me more on each sale.Ultimately, it comes down to how you run your business, your follow-through, etc.

After I've built up a sizable amount, I will transition into a BRRRR strategy.I'd love to connect with other investors and possibly even partner up and contribute capital towards a deal! 

Is there any statue or laws about the maximum amount you can charge as an application fee in the state of CT?

@Walter Aaron PolingThanks Aaron, I am concerned that both loans might be very super close to the rent amount.

I've been wholesaling and closed a few deals, but I came across a property that is currently tenant occupied that is deeply discounted will have a large amount of equity right off the back. 

Yes, two properties but the owner financing is for one monthly payment amount and one down payment. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

It's crazy how much it varies based on the area.I'm not for sure on the market in Boston but I can guarantee you that if you find anyone in Cleveland, OH doing it that low it's either a scam or some poor soul that has no clue what on earth it is they're doing and the entire experience will be a train wreck from hell.10% is about the best you'll find in this market unless you get 10-15 doors and then the rates may go down but nowhere near that amount.

Generally your net worth has to be greater to or equal to the loan amount.