Personally, I think that as long as you have a few, hopefully closer to ten, thousand, you will have more than enough.
How much is marketing? You could have a very nicemarketing system in place for a few thousand, IF you dont want to do anything yourself. Do it all yourself and you are looking at supplies. I have nothing better to do this summer other than answer the occasional phone call, so I will enjoy the weather and pass out my own fliers. I printed them free at school this past year. My bandit signs were 200.
You might want money for repair costs if you are going that route I guess. This isnt necessary though. If you are thinking you need 20-30k to put down on a house I think you should do some more reading and researching before you jump in. There are so many ways to do a deal for nothing but maybe movey money for the folks.
To be honest, I would do what I am doing and get into wholesaling first. I dont need the struggle of going beyond gettign the deal at this point in my career. Once I get this part down pat I will maybe go onto flips with the help of my step father, then maybe rentals. No time soon though.
From the way you talk I would be willing to bet you are good savings wise. You dont come across as flat broke and desperate.
Whatever you do, I would not suggest using “I need more money” as an excuse to stay in Kuwait and try and study more. I did this last semester in college. I used the fact that I was 2 hours away from my target area as an excuse to not get started and to just keep on reading. Only you know if that is the situation though.
A vet might bust my chops and say I am wrong because I could be, but I do not think you should be as focused on profit from leverage this early. More money does not mean more leverage, it just means more houses. More leverage would mean over the same amount of money you buy more houses.
Therefore based on my last statemnet, this notion is wrong. In my opinion you are too “gotta go put 10 down.” Get the deal first, then decide what the best option is. You might find that instead of looking for that deal to get 10 down on, you will be more successful finding what each specific deal needs to succeed.