Or am I getting some things wrong.be harsh here that 40k is almost everything we got savings wise. we will have a 5k emergency fund after this. and the current tenant leases are up so I would have to start fresh tenant wise maybe hire property managment and just pay out of pocket for themIt looks good from a newbes eyes but I want to hear from the pros

I also have some funds I was going to contribute to a self-directed IRA to do the same.I am having a very hard time finding a good company to work with.

I am in escrow on a 4 unit building here in SD using VA funding.

I would put 5% into your retirement so that you can be saving the rest for a downpayment and a three to six month emergency fund faster.

Consider using cash flow (job, from other rental) to fund the rehab. 

I am likely looking to use hard money as my source of funding, but since hard money is usually based on the deal itself, I'm assuming you have to secure a deal before even submitting a request for funds - but do you actually have to something under contract to apply for hard money?

Look at my bank account I have enough funds in cash to buy it right now and I have no reason to string you along.. see I just bought Your neighbor Jacks house too and look what we did to it.

They collect the offers and break them down for the seller based on a number of factors (purchase price, financing and/or proof of funds, deposit, contract contingencies, closing date, etc). 

So I basically am going to need to shop around for these loans that aren’t standard, but they exist.Right now I’m gathering the funds for a down payment for my first investment.  

I thought I might try to get involved with real estate to help fund my dreams.