The object of buying and selling property, commonly called flipping, is to make enough money so that you can invest in solid income properties. You will want to make a sufficient down payment so that the rental income will at least cover your expenses with some surplus. This surplus is called your cash flow. Your cash flow may be small during your early years of ownership and should increase each year, especially if you opt for a fixed rate mortgage.
Many people shy away from the real estate investment business because of a fear of dealing with tenants. However, most successful real estate investors love their tenants. When you buy a property, you will be borrowing many tens of thousands of dollars. You borrow money but you don’t really use your own money to pay the loan back. You have these wonderful people called tenants who, every month, give you their money to pay back your loans. Over time, they collect receipts and you get rich. Love your tenants.