Generally, SBA loans can only be used directly for real estate purchases if the loan is being used to purchase a facility for a non-real estate investment business that will owner-occupy at least 51% of the property.

That would be around $90,000 sitting in a savings account!

The best part is that the debt will be reported to the credit reporting agencies and it will stay on the tenant's credit report for up to seven years.

I joined for a number of reasons; education being a small part but gaining access to a well established network of like-minded, high performers in the multifamily world was far more important to me. 

Open to any recommendations to check out and willing to look through anything that could potentially be helpful! 

If we choose either option, are there things we should be aware of?

The above link is a property that I found in my local and believe it might be a good first start into the real estate industry. 

@Alex Lickenbrock If your young family needs schools and you don't want to pay for private, you may want to consider the suburbs (and there is a range of school/suburb quality as well). 

This will give you opportunity to see a very important side of the equation and probably get you in the same room with some well established investors that might be willing to help further your career. 

We allow a payment plan but the rent has to be paid in full by the end of the month. 3.