$1.5MM25% Down would be $375KIt was suggested to me to speak with the owners (who I know - they are personal friends) about Owner Carry for $250K.Does this mean A) The $250K is subtracted from the original purchase price and therefore I would have to come up with 25% of $1.25MM  or..B) Out of the $375K down the owner would carry $250K and I would have to put $175K down on the deal ?

@Mayer MI love your rehab suggestions, Mayer!

This is a really good suggestion.

I would suggest Mesa or North Central Phoenix for duplexes because there can be some nicer pockets of neighborhoods but you could still find some value properties.

I don't own anything this big so you may take my suggestions with a grain of salt.

I found this: http://www.loopnet.com/Listing/1764-Gowan-Dr-Memph...I picked this one as an exercise because it needs a lot of work and is in a place I know nothing about.

I always suggest starting with multifamily, due to it being easy to later purchase a SFR using FHA or low down payment conventional options. 

My question is would you suggest online classes or a class room setting for learning and preparing for the test?

Hi @Dee Bullock, I would suggest picking on specific area to focus on learning that area first.

You can probably pay the same or less than what you're paying in Astoria if you house-hack a duplex.The only way I'd suggest a SFR as a first investment is if it has a live-in basement that you'd be willing to live in short-term.As far as location, its best to first get an idea of what you're qualified to purchase.