I like to think I know what I am doing, but please put me in my place if these numbers are ridiculous or anything I state is impossible, all honesty please. 2 Bedroom 1 Bathroom 800sqft home In a nice neighborhood, good town, and access to NYC via train station in townThis house is for sale by owner or $199k Let's say I get the house for $175k, 3% down payment which is $5,250 + 3,000 closing costs and whatever else = $8,250Monthly mortgage payment, tax and insurance is now at $1,162 The house seems to be in great condition, with a new porch in the backyard The houses surrounding are in the high $200k - $400kI believe I could get $1700 a month for rent if not a bit more, considering many of my friends who have 1 bedrooms pay $1250 a month for rent. 

I imagine all banks are difficult but Wells Fargo has been driving me up the wall.All appraised for $20,000 more than the sale price, I am putting 25 % down and the loan is based entirely on my W2 income.  

More info here:"eXtremeFREEDOM is an exclusive live training event that will be held in Glendale, Arizona on October 16th – 18th 2015.

Glad that I found mine at Royal LePage in Mississauga, where I presently undergo training.

if you see @Anthony CharaCheck out his profile, he coaches apartments, probably the best training for moneyMaster lease options on apartments can be a way to enter the marketplaceYou need to be able to guarantee the owner on a master lease, and you have an option to purchase a later date based on the lower NOI or net operating incomeI would start an LLC and get partners, you do the work in partners fund the company

The owner occupant demand for single to four unit buildings in and around VCU drives up the sale prices in those areas.

Robin,Sounds like you have a good start "driving for dollars."  

Medvin Bagh  I recommend driving for dollars.

I can recommend a valid online training program.  

It will take you, say ,1 hour to do your first offer, search etc. and once you have the template, next time you need to put an offer in, it will take you mins ;pGo to any training your broker have you do to polish your realtor side.For me it's all about collective learning.