There is a HOA foreclosure i am interested in purchasing at the auction (Texas).

I have a unique situation that I cannot seem to find a very clear answer for, hopefully the BP community can assist.My wife and I got married last September and now live together in a house we purchased together.

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

The biggest thing that sticks out to me is, if the property is in good enough shape to qualify for a conventional mortgage, there is a larger pool of potential buyer, so there may not need to be enough spread between purchase and ARV.

I’ve considered the idea of shopping it out to wholesalers, or even listing it, but I went into it with the intent to rent and I’d like to see that through if the numbers make sense.

Quote from @Richard Hoyte: What is a good and or acceptable amount of money to have saved up before buying your first rental property I'm aware this can vary depending on the state/area but is there a rule of thumbThank you ahead of time  Hello Richard, Your down payment amount will have a lot to do with this.If you are going with the minimum downpayment of 3 - 3.5% , you'll want to have at least a total of 10% of the purchase price (to also account for closing costs) + 6 months in reserves.

Why do you think purchase contracts are so long and have such small print?

The purchase contract expires on April 15th.

We have helped quite a few military members purchase homes and then transition into SFR when they relocate.

If you need the capital from a rental for a primary home purchase and you wanted to side step cap gains, then the approach would be to refinance the rental not sell it.