Quote from @Cloey Green: I am finally choosing to start on my REI journey.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections. However, finding properties that would cash flow with a 20-25% down p...

These figures are updated every Federal fiscal year which starts October 1. 

Any tips for a newbie getting started it this?

He too I’m sure has told stories of starting and closing a 1032 on the same day.

That’s a great move—starting early with analyzing deals will put you in a strong position when you're ready to buy.Since you're open to other markets in the Southeast, I’d definitely recommend taking a look at Chattanooga.

While this is a good problem to have, I'm starting to stress about it for a few reasons I'll put below.

Hi everyone,I'm a new home buyer from Bay Area and trying to get pre-approvals in place before I start making offers.

You'll need money for: closing costs, down payment (if any), operating capital to get the construction/rehab started (most HMLs reimburse you in draws for the work completed), along with some liquid reserves on top of that.

House hacking is a great way to get started.