Save up.Perhaps, if you feel the urge and are comfortable with higher risk, you can use the money you have now to advertise, sending yellow letters to distressed property owners in the hopes of picking up a place below market value using hard money and rehabbing it to refinance cash back out, but it's not always the best idea to start with a complex purchase with tons of moving parts before you've jumped in the game the traditional way.Best of luck, whatever you choose to do!

I carry a nursing home administrator license in the state of Missouri (I live in the KC Metro) and I wanted to put feelers out there to see if there's a need for that type of expertise for folks maybe in the business of building LTC facilities (ILF, ALF, SNF, etc.)? 

Obtain a preapproval letter including the maximum loan amount you qualify for based on your income and debt.Multifamily properties have more cashflow potential.

The lead came from a hand written letter mailed to owner.

@Gregory Norris snap shot of bank account, account statement or if it is a gift of funds you will need a gift letter :)

I have it on there in bold letters that smoking in the unit can increase the cost by 3xs per item. 

Should I send a demand letter for payment to evicted tenants?

You're totally right that if I find myself carrying cc balances, it would stress me out and I'd feel that much more of an urgency to see the property sell for a price that would allow me to completely pay those off in full.You're also right about how stressed and distracted I'd be if I'm back to a 9-5 with a rehab going on and I'm not there to make sure time isn't being wasted.

When can do this in Texas and I hope you can in your state.We send an email, text and letter to the tenant giving them a date we will post this information on the front door for a 3 day quit. 

Alternatively...Have you approached the seller to  see if they are willing to carry?