This all started from reading the famous book “Rich Dad Poor Dad” and meeting with likeminded people, which lead me here to you and the BP community.I started off with 30K in cash and a dream to buy and hold an SFR or MFR.

For instance if your goal is to be an "Apartment Syndicator" then another resource I would recommend is "The Real Estate Syndication Show" with Whitney Sewell - He produces so many value packed podcasts and interviews incredible guests active in the business.You determine your path, based on where you'd ultimately like to end up.

Either way, your 24 months of living (and owning since they do coincide in your instance) are within the 5 year lookback period (18 months in A + 16 months in B + 6 more months in A = 40 months total, less than 60).

For instance, we cannot refuse renting to someone who has a felony drug charge, only if they were a dealer. 

That's really detrimental to getting loans since it's much harder to qualify as a self-employed commission based worker.It was so much better for me as a previous w2 employee making 6 figures to qualify when I started my RE Portfolio 21 years ago.Today, prices are MUCH higher and the bifurcation between those who are successful as an Agent is much bigger.Part of the problem is the higher standard for qualification for Loans after the Financial Crisis of 2008.Since I am in NYC, I cannot imagine a mediocre Agent being able to invest and the Superstars are way to busy to be Landlords.If you contrast what prices were 21 years ago to today, the entry to Real Estate investing is WAY different.For instance, I bought a 2 family property for $140k but it is worth $1.1 million in today's Market.How can the average RE Agent afford to buy in NYC?!

If you have a good insurance carrier, they'll have a claims rep help you in this instance, not hinder the process. 3.)

And in the case it would be better sooner than later, is it better to ask for approval for an amount close to the budget (for instance pre-approval for 200k if the range is 150/200k) or to the highest possible to have as much margin as possible (for instance 400k pre-approval even if the target are around 200k)?

So they'll attach your rents for the next 50 years.I did hear the story of this famous lawyer, Roy Cohen, Donald Trumps lawyer who he raves about.

The 187th Fighter Wing is home to the 100th Fighter Squadron, which is one of the original Tuskegee units — the famous Red Tails.Continuing the legacy, Montgomery will be getting a coveted fleet of F-35s that will be "bedding down" with the Historic 187th Fighter Wing.

For instance, my agent is simply a fantastic resource.