And lastly, it is possible to access your retirement funds prior to age 59 1/2, you can find more details on how to do so in this article: https://www.forbes.com/sites/forbesfinancecouncil/...I think you are well ahead of most people in your age group, starting this early and maximizing your Roth IRA investments will set you on the road to financial independence, just stay diligent!  

If all stays the same (which is likely will not) look to take advantage of first time buyer hud homes.

Then ideally, you have already profited $30,000 because you stayed under the ARV.STEP 2.

If this is what you have been looking for and you have talked to the seller and found out his story of retiring from the game, looked at the numbers and it makes sense for your "WHY", then all that is left is to execute on the deal and stay on course with your due diligence on the asset itself. 

I purposely staggered the leases to expire 2 months apart, and I made them shorter so that I could get a feel for the tenants and address any issues with a new lease if they opt to stay on.

Is there a value range you have to stay under?

Wow long does it take for you guys to find tenants and how long do they usually stay before leaving and buying a place of their own?

Areas to stay away from?

Also, I was applying only with my income as wife is a stay-at-home mom.

I’ll be trying to do something similar on my next property although I may try to stay under my remaining second tier entitlement and put 0 down.