Unless its a 2/1 in which case my bedroom.5) Depends on your comfort level

I'm very confident I can pull in 6 figures a year with this plan and I'll gain momentum as I get more comfortable and make less mistakes.  

The price is high....what would you feel comfortable paying?

Units between 30-50k completed, blue collar neighborhoods ranging from section 8 tenants up tenants that pay their rents comfortably.

If the new mortgage payment is something that you are not comfortable with, then I would hold off on buying anything in the near future.  

She changed her mind several times and even got cold feet when I had all the paperwork ready sitting at her dining room table.

We are looking at starting our own business but where we are in life we feel more comfortable doing wholesale deals.

While you will definitely need to line up funding I think the harder part is finding reliable contractors that  you are comfortable with.  1. 

My regular personal biz is a little slow, and my monthly nut is very high, I'm finding myself too close for comfort as far as the amount left in my bank each month, especially after April, with both property tax and my personal that was due!

Then watch how fast they sign.The tenant is comfortable now and obviously doesn't see signing it as an urgent matter.