Putting 50% down one two properties would likely be more my speed. 

If you decide to take action at the speed you are comfortable with and have the financial resources available to run it as a profitable business you will probably be much happier in life, and sleep a lot easier.Also realize that the term landlord means business owner as well as investor.

It would help us to understand the attainability of your goal if you would mention how many flips you have under your belt already.Assuming you are experienced, then I'd say move forward, full speed ahead--you can do it.If you are inexperienced, I would respectfully suggest you change from a $$$-oriented goal to a ### of transactions goal.Why?

so down to 900 a month less than 250 a week to feed cloth and do some other things.. this is why most have very little savings if any and one speed bump and you dont get your rent.. just remember when the federal govmit shut down what stress that put on workers who went one month with out a check.Now do the math and that 1400 dollar rental to get in the door your at 4200 a month combined. 

After you find a tenant, you can either keep the PM on to manage the tenant, or find a reliable repair firm that you keep on speed dial.

Are there any other tips to speed this process of credit building up?

The 1st position and 2nd position lender need to go back and forth, at the speed of molasses, and collectively confirm that they can put a deal together between themselves that's less crummy than just foreclosing on the seller. 

@Mindy JensenThe term is "Delayed Financing Exception", which I found here: https://www.biggerpockets.com/blogs/5110/46871-buy-rent-rehab-refinance-cash-out-refinance-delayed-financingStill looking for the Podcast by re listening in 1.5x speed.

I am not up to speed on Judicails as well as Trustee sales.

Eddie Speed traveled to Austin to present at my WIN meeting this week and he described a technique that he teaches at his Note School.