Once you identify the market your interested in, then narrow your choices to markets that you would like to visit frequently that way you enjoy visiting your homes and catching tax breaks for business travel.

I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward.

Success is a process, failure is a choice

One you are borrowing historically cheap money.

Lebo, that would be my first choice of the 3 you listed. 

In my view the originator should be the one who gets the FANNIE 1003 loan app from the borrower, all doc and does the underwriting of the borrower to YOUR lending standards:  DTI, reserves.  

There was a post this morning that someone linked to a CNN (I think) article that Wells Fargo is now offering a 3% down product, and you can borrow the down payment.Best of luck and happy investing!

I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward.

That payment will improve your prospects with traditional financing, and lower your cost to borrow money.  

@Justin Prevatte  if the OP has free and clear properties IE the 16 are all owned out right then yes that would work for sure .. subject to finding a lender that likes the collateral and will lend.Small seconds behind large first are just a NO NO in the lending worldfor the very simple reasons you stated.see threads on BP about those that have been doing gap funding on rehab projects and the borrower goes dark and they are fubared.. loss of the entire loan is most likely out come.UNLESS your a loan to own guy.. and if this OP failed you fine stepping in and taking over the whole maryann..