•I plan to put 20% down on this new property, which means I’ll be left with about $80,000 in cash after the purchase.Given this scenario, I’m trying to decide whether to pay cash for the second property or continue with the 20% down strategy .

My plan would be to live in it for a year and then start renting it out. 

If you are going to engage an architect and do full plans and permits, then you will likely need to do some pretty serious analysis.

Do not skimp on this, it could save you thousands.Let me know in the comments below what else you would do to prevent break ins.

The pension amount at age 39 is not enough for me to feel comfortable, so my long-term plans are to start a small business and invest in real estate to position myself where I don't even need my pension, and it's just a bonus.

Start saving money, work on your credit score, get approval for loans ahead of time, and meet and talk to local real estate sellers, other investors, and people who manage properties.

If you plan to invest somewhere else, who is the top agent for investments in the area that could point you to a good mentor, or offer mentorship themselves?

Can refi an existing mortgage to a shorter term “Mini Mortgage.”Navy Federal 80% LTV Norway Savings Bank, MaineOmaha MortgageOregonians CU - ORPenFed - max 3 other properties, including primary. 80% LTV, prime + 1%, <4 propertiesPeoples Bank of NCPSECU up to 80% Quorum Federal Credit Union 80% LTV, owned by LLC is OK.

If I complete the buyout as current I will wipe out the majority of my savings. 

A mixed way is often best, with plans for money coming in and extra backup for any surprises.