I know that’s not for everyone though and we may pass off a few properties as we grow.

Same goes for rapidly growing cities and areas of the country.

This means have a stable W-2 income stream, work on your credit score, investigate locations you like for that first 5% down FHA loan, find a property that would cash flow a bit if you weren't living in it (Mortgage, Taxes/insurance/HOA, 10% vacancy, repairs, property management), live in it for a bit, then turn it into a rental and watch the appreciation grow over the years. 

Since there is a shortage of inventory to buy, people had to rent, which drove up the those rates significantly.As a Phoenix native, I am excited about the boom to our economy and rapid growth. 

Lock in a payment you are comfortable with and watch the value continue to grow.  

Meanwhile, I want to find specific ways to bring value to others in the area as I grow towards my goals of financial freedom and further appreciation for the beautiful State of Tennessee! 

Keep making the savings grow so you have some leverage and leeway when making offers in the future.

The banks are allot more strict now and there is no easy money to just take on leverage rapidly without cash or assets to finance it.

BRRRR is the most efficient way to start/grow a small portfolio, but impatience expressed financially is debt, so you can't be shy about racking up mortgages.Once you get going with BRRRR you will get to a point fairly rapidly where your personal income streams that exist now could not cover your debt service payments for your investment properties and how far past that point you are willing to go will determine your growth potential.

Start with someone who you’re comfortable with and will work with you and educate you - not just for this deal but to grow with you as you build your empire.