Cash Purchase -monthly rent x 84 = purchase priceThese are numbers that I have found to be good rule of thumb numbers.  

Different auctions have different rules, but typically, you have to present your cash immediately, or at least within a few hours (maybe 24h, if you are lucky) to complete the deal.  

Dylan Henke what might help is instead of taking a "leap" that could induce a fair amount of anxiety, decide to do a small project, say a cosmetic flip, create a 6 month plan, and back into small, week long steps.

Currently I am changing direction with the market and starting to do some new construction, creating notes, and still flipping a few properties.I am now wanting to meet and network with others that have the same drive and desire for getting the most out of life.  

You can pay yourself IF you create an entity to get the loan.

Right now in Omaha, you probably can get a single family home in a decent area that would hit the 1% rule with that budget.

You need to create a relationship of trust first with your GC or subs.I might be a snob but Home Depot is for tools only not construction materials unless your in a pinch.

I feel my best bet is to invest out of state with multifamily and have looked at Syracuse, Milwaukee, Columbus and anywhere else where i can create a good amount of cash flow with not a hefty down.  

I've been analyzing properties using the BP tools and also have created my own spreadsheet. 

Create a lead generation site.