However, with your first being owner occupied you can get by with a lot less down if that is your desire.  

I am exploring entering into a lease option on a prospective home in a desirable school district.  

combined with a huge desire to save money, I saved $7,000 in 7 months making less than $10 an hour.

Over the long term the desire is to build a large enough portfolio that cash flows enough so we can leave our respective jobs.

I thought I wanted to get into real estate investing last summer but I didn't really have the burning desire as I do now. 

You're obviously in it for the long haul and your desire to maximize your returns and reposition your portfolio using 1031s is to be applauded as a very savvy strategy.  

Once that figure is established then one subtract following costs: 1.Sale Cost (Commission and escrow)2.Carrying cost (Loan cost)3.Fix up cost4.Desired Profit5.Purchase escrow costAfter one deducts all the above costs from the projected sale price one ends up with recommended purchase price.You can call me if you have any other questions.Good luck,George

Borrower’s experience in this type of development: Licensed real estate broker with an emphasis on commercial property and business development, We now the value of what a performing asset as these 6 desirable properties are and what they will do for the community and the residence within.

If you have no desire to be professional, stay in touch with regulatory matters, or understand ethical conduct in this industry, I have nothing for you.

How much money you have and your desire will do more for you and what you do.