I'm still working to find my niche and strategy but i do have equity currently and with the VA Loan option it seems to open the door for minimal capital investment, just makes it hard to do rehab as they require the property to be in relatively good shape and don't offer anything like FHA/203.

Just starting and want to minimize the mistakes and risk.Can we connect?

@Brendan Longe If you're going to have minimal cash flow when you move out, either make an offer that makes the cash flow meet your criteria, or move on to the next one.

My experience is minimal. 

I'd add another set of black shutters to the lower set of windows.Keep it to the 2 colors White and minimal black trim..It looks good.. 

But the name of the game in rentals is maximize rents and minimize overhead and expenses. 

@Nader Iskander My quick math indicates that your total costs (purchase [392k], initial funding costs [15.76k], interest costs (4 months) [14.4k], rehab costs [100k]) are in the $522k range.

It sounds like TX is for me, because opportunity is plentiful and snowflakes are minimal.  

If your CPA was just like "Oh wow you made money good job" and was't like "We should see if there's a way we can minimize your income on paper and related tax"...you may want a new CPA 

The first post here: https://www.biggerpockets.com/forums/432/topics/42...So whether or not I am able to buy my very first property I want to chronicle this so people can at least see the tedium and they can probably do better than me.So my objective remains more of less the same and thanks to some replies I have a little more information and I have taken some steps as well as more questions so let's begin:Requirement:ROI doesn't matter too much as long as it can sustain me a little bit and that is utilizing an FHA loan or its equivalent.It is in Jersey City heights because I still have aging parents to look out for.Like I mentioned in the previous thread I want FHA financing but I'm open to other options.As for multi-family I am willing to do multifamily or mixed if the price is rightImprovements needed should be minimal but if it can be completely fixed via an FHA loan with a 203k without incurring any additional out of pocket costs then I am for it.Vacancy doesn't matter too much because I'm sure people will want to live in the heights.Action taken so far: I still have been going to realtors and getting pre-approved for a mortgage in Wells Fargo which if you are socially awkward like I am is a big step.