I have gotten credit at banks in MS and SC but same thing big deposits to start and sit down with the decision makers.

totally state and market specific.. only take advice from those that are experts in the market you want to give this a try.. keep in mind though there is a huge good ole boy network in any major city that will be light years ahead of you.. they will have tons of cash they will know values they are very tough nut to crack or break into.for me the easiest market I have seen to enter foreclosures is OHIO..

Max, good job on getting to $450k cash.  

I would highly recommend collecting a security deposit.

🏡 Co-Living + House Hacking = Maximum Cash Flow & Financial FreedomHey BP Community,If you’ve been house hacking or thinking about it, pairing it with a co-living strategy can seriously amplify your returns.

This just happened with a large local pool builder here, he took a bunch of huge deposits and shut the company down and left the country. 

Then the pieces of sh it kept my $7,500 deposit money after lying and deceiving me.  

Quote from @Clayton Silva: Quote from @Jeffrey Blackman: Quote from @Clayton Silva: 2nd position HELOCS on investment properties are typically capped at 70% LTV and have rates ranging from 9-11% just a heads up unless you use a local credit union where you have cash on deposit with them. 

They will take your upfront deposit and disappear.

So that is for the listings as such.In relation to your question of things to know as a new investor, the most important one is that you generally (there are exceptions) have to purchase these properties in cash.