My father has been into real estate buys and sales for about 45 years and he has taught me a little bit.  

To make matters worse, my 45 day period to close ends Friday.  

My father has been in the real estate bus and sales for about 45 years and he has taught me a little bit.  

My first deal I purchased for 55k, property was off market and will need 45-55k.

I like the option of buying 4-5 rentals with it...

My father has been in the buying and selling real estate business for about 45 years and he has taught me a little bit.  

I'm aiming to close in 30 to 45 days with a std loan (already pre-approved & in process), then looking for a hard money loan for the reno (no leads on this yet). 

But, at this point, he has stretched his savings and debt limit by acquiring these two houses within two years.I guess he can repeat this process again and again, but, let's assume he wants to buy a third house 45 minutes away in another town where the return on investment is better.

My father has been buying and selling real estate for about 45 years and he has taught me a little bit.

They will also probably want to see 2-6 months of PITIA reserves for both properties and 40-45% or better DTI.