Woodford Reserve is probably my go to but so far my favorite is Jefferson's Ocean.

Quote from @Cinnamon Russell: @Bob Dole wow this is insightful, with the price of homes these days plus, the cost for operations( mortgage, reserves , insurance, etc, plus  placing each home in an LLC.

Speak with a lender and understand the costs associated with purchasing your first property keeping in mind the reserves you should have set aside for the real estate + money set aside to enjoy life without any unnecessary financial stress at this stage in your life. 

My wife and I started by building our foundation by saving diligently and moving strategically to take advantage of better financing through primary residence purchases.Over time, we’ve used tools like the 1031 exchange to scale our portfolio, even relocating out of state to expand into new markets.

You are likely better off keeping this extra money for reserves and suffering the negative cash flow>I was also banking on more favorable interest rate cutInterest rates have fallen but with your rat being 5.5% I think it is unlikely that a rate reduction will help you any time soon.

If you dont intend to make this your primary residence, you're probably looking at 20% down unless you get seller financing. 

Turning over a past primary residence into a rental is the way a lot of us got our start in RE Investing.Cheers,

Living in one room and renting the others is a common “house hack” strategy, and it helps cover costs.Biggest things to watch: making sure leases align with the academic calendar, screening tenants carefully, and setting aside reserves for turnover costs. 

I have no debt other than my current primary residence. 

You could use a heloc to help with the new downpayment and have some reserves if something goes wrong.