In other words, use say $ 60 000 to acquire 2 properties worth $ 100 000 each - put $ 50 000 aside to cover unexpected expenses?

For me personally I plan on acquiring 10 houses as quickly as possible.

At this point, I don't think residential is the direction I want to go, but I got the license to show dedication to help me acquire a RE related day job, and to help on the investing side when I start that (hoping soon).

My goal is to acquire properties with little to no money down. 

., our end goal is to acquire rentals.

Also tell them you are interested in acquiring multi family properties - you never know who may have that big connection who can really boost your business.Regards,Jim 

I got too excited to acquire a new rental.

I'm hoping to acquire a few more rental properties quickly, and began reaching out to a few owners of larger buildings who may be willing to help with seller financing.I was hoping to find a seller that is willing to carry a second note - I finance 75% with a traditional commercial mortgage, and the seller lends the final 25% as a second note.I know that that pool of sellers that may want to do this is small, but hey - I figure it never hurts to ask.What kind of terms are typical when asking a seller for a second note?  

Of course, myself I focus on a 5 year term to hold, so that I can continue to step up with appreciation and cash out more capital to acquire properties that do better then $100/door.  4 Plexes at $100/door make a significant impact, imagine getting 30 of those under your belt?  

He needs roughly about $30k to acquire the property.