All,As you can probably guess, I am looking to close my first investment, but don't have proof of funds nor liquidity to put down an earnest money payment.

Needless to say, I need to get creative with our next property whether it be private funds, taking on a partner, etc.   

It's unclear to me if your 'ask' is more about buying in (equity stake) in the project or gaining experience.Would be helpful if you can opine.Even if you have desire/ANY experience, I bet you'd be able to help with development. 

Was able to negotiate a master lease for the property and take over management prior to purchase in order to generate some of the funds needed for the down payment.

I have partnered with Nate at Secured Investment Lending for funding.

@Jennifer Marshall I know you are down in the San Marcos/Austin/San Antonio area but in DFW you can get the lower end (read as less desirable colors) granite at about $28/sq ft installed.

I currently live in a home that is paid for 100% by a trust fund which is not in my name nor my wife's. 

First you say you have acess to funding but you have low income, Then you talk about using a hard money lender.

My question is: with my current income, I could rapidly pay down a property using my own personal funds in a 2-3 year time frame.

I also don't know if the water / power are metered separately - I plan to drive by today and look for meters.Now that I know I have time to secure funding, it boils down to getting the pre-approvals done and deciding on what I'd bid.So to update my back-of-the-napkin conservative numbers:Rents:  $3900 / mo or $46,800 / yr assuming fully rented which isn't hard here.Expenses: Lawn care ($400 /mo during summer, or $2800 / yr est.