No other credit card, student or car debt.Will a mortgage broker look at the finances and say no, you can’t afford both your personal rental and an investment property since combined they become over 43% of income?

The current rent at $1200 is lower that what rentometer estimates in the area, which is $2k combined for both units

If neither of you have money and are saving a combined $200/mo, you’re looking at almost 20 years until you can afford a down payment on a $100k property (not accounting for closing costs, reserves, etc).

My plan is to combine the Long Distance investing strategy with other strategies.Thanks in advance for your time.Here is my plan.I want to start with virtual wholesaling because it will set up my deal finding machine and educate me on markets Then I will build cash from wholesale to BRRRR.

@Kevin WilsonBad cosmetically and good structurally is a much better combination, especially early.

@Patrick Michaels there’s a water treatment plant near there on river road, I’m sure you know the one.

Combine that with a no quit attitude no matter how many mistakes you make along the way and you will be successful.

Most were small, but combined they helped...

Environmental Protection Agency (EPA) or state-certified lead-safe renovation contractor must beused for the painting work; machine sanding and use of propane or gasoline torches (open-flame methods) are not permitted, and just washing and repainting withoutthorough removal or covering with siding does not constitute adequate treatment. 

Reserves: you have a combined 14% for all.