What may the property be worth then and how much cashflow might it be generating?

What type of property are you thinking about? 

You will find lot of people here who are seasoned investors and would love to help you out.What type of properties you are looking for your first deal & funding type?

How SB-9 Properties Work // Minimum Lot Size & Balance · Each new lot must be at least 1,200 square feet. · The 2 new lots must be roughly equal in size, with neither smaller than 40% of the original lot. // Ownership & Subdivision Limits · A lot cannot be split again under SB-9 if it was already created through a previous urban lot split. · The owner or anyone connected to them cannot have used an SB-9 lot split on an adjacent property. // Development Potential · A split lot can have up to 4 units (2 per parcel) or a duplex, plus ADUs/JADUs.

Quote from @Lymarie Cervoni: Looking on using Direct-Mail Marketing for Off-market properties, any recommendations on which real estate investor list to buy to target the Tampa Bay area? 

I live in Charleston, SC, and am looking to buy my first property here this year.

The main difference is that you don't borrow "money ", but instead buy the property from the lender over 360 payments, and the price of the property is marked up - this is the "profit" they charge.

Because the Property Class dictates the Class of the tenant pool that the property will attract.

Do you recommend switching at around 30 properties or so? 

What kind of account or vehicle would you suggest to start saving down payment money for my first rental property?