Depending on the length of time you can look into an FHA loan since you will be living there (I do not know the time you have to hold the property for).

The deal I'm negotiating right now has an estimated cash flow of $150-$200/mo. depending on how the numbers fall in the end.

I would say it depends a lot on where you are located, if you are in a resort town in Hawaii or somewhere exotic it could take a greater hit.

For your two homes, Depending on the condition, I have people that would buy them immediately in both locations. 2.

It isn’t paid directly to landlord and the amount doesn’t change depending on your house.

While this may (or may not...depending on your personal perspective) sound like a lot of property, consider that it has taken us over 11 years to acquire this portfolio and at some point it required us to jump from being 'interested' and to become 'committed' to the process.The purpose of this post is to talk about the difference between being 'interested' vs. being 'committed'.

While this may (or may not...depending on your personal perspective) sound like a lot of property, consider that it has taken us over 11 years to acquire this portfolio and at some point it required us to jump from being 'interested' and to become 'committed' to the process.The purpose of this post is to talk about the difference between being 'interested' vs. being 'committed'.

When learning about your areas, consider your "back yard" as a good place to start and then possibly move out from there when you gain a little experience or your success depends on it.Certain things will effect that like growth and the economy that is diverse. 

Totally depends on your goal. 

@Kyle Marek Whether or not it will make sense to use as a rental property will obviously depend on more than just potential gains/losses.