No other credit card, student or car debt.Will a mortgage broker look at the finances and say no, you can’t afford both your personal rental and an investment property since combined they become over 43% of income?

The current rent at $1200 is lower that what rentometer estimates in the area, which is $2k combined for both units

Then focus on the next one.The modern economy rewards specialists with the highest income/wealth.  

If neither of you have money and are saving a combined $200/mo, you’re looking at almost 20 years until you can afford a down payment on a $100k property (not accounting for closing costs, reserves, etc).

My plan is to combine the Long Distance investing strategy with other strategies.Thanks in advance for your time.Here is my plan.I want to start with virtual wholesaling because it will set up my deal finding machine and educate me on markets Then I will build cash from wholesale to BRRRR.

I have used American Modern for vacant property in central Indiana.

@Kevin WilsonBad cosmetically and good structurally is a much better combination, especially early.

@Ken LatchersThis is really a more modern version of the “rooming house” concept.

Combine that with a no quit attitude no matter how many mistakes you make along the way and you will be successful.

Most were small, but combined they helped...