Some tips would be:-save up down payment money-know your credit score and debit to income ratio-you will need 2 years of tax returns -you will need 2 months of bank statements-you will need to show 2 years of continuous employment in the same field -you will need a realtor who has experience or specializes in working with first time home buyers Hope that helps!

Only one did once,  there was 4 months left,  tenant's  new employer paid it.  

My plan sounds similar to how you started - I plan to use my cash for the first 1-3 deals but then begin to employ hard and/or private money to scale (and will factor in the costs and reserves).  

Nothing in my strategy is not regularly employed by buyers.Unfortunately for me, the appraisal came in slightly above value, which seemed odd, and when I investigated closely, of the 7 comps used, there was one outlier that greatly skewed the value.

They had planned to rent until securing jobs but found landlords and property managers were unwilling to work with them because they had interviews lined up, but weren't employed yet.

Ideal for self employed investors or those who have for one reason or another exhausted their conventional options. 

I am very exited about it all and fell I have found my path.You are right about the tenants, but there I Think we should do our due diligence and look at taxes, employments, crime rates and info about any plans for business to come  and go to the new area as Well as calculate our number for the propert(y) ies .

Please note that loans from an IRA are not allowed - you would need to have access to an employer plan that would allow you to take a loan (e.g. day job 401k or Solo 401k if you are self-employed).

Because i Would really love to cash out refinance on  2 properties.fully paid off but not sure if proof of employment is required?

So seeing as waiving inspection is a strategy which basically only cash buyers can employ, and a high percentage of cash buyers are well capitalized experienced investors, I'd say it's not all that common for new investors on a tight budget and that's definitely a good thing.