help with starting out questions

[Rodney Reis]

Ok really not sure how to begin but just going to see how it goes. I have just recently got more into real estate buying and flipping/renting. reading everything i can on different ways to do it and also what to look for, have read so much my brain hurts...lol anyway got a few questions.

1. Is there a way to purchase homes with not so good credit these days with little money available, i have looked into tax del. homes but need to read much more on those. Also have read up on hardmoney loans and not sure i want to go down that road. i have also looked into my 401k but my plan does not allow me to loan against it and i would have to do a hardship request and the most i could get is $5000.

2. All the reading i have done points to its best right now to buy and rent the house out right now in my area (eastside of cincinnati). i mean there a atleast 15 to 20 homes i know can be bought and fixed with little money then rented very easyily. Am i seeing this correctly in most areas?

im not giving up pursuing this but like i said in my first post i have alot of resources to fix up houses and there are alot of houses near me. Just not sure the step by step way of starting. i mean i established my resources have done some homewrork on this and i am constantly reading, learning everything i can.
i work a full time job, and i just tryiung to get this thing started. So many ideas in my head i catch myself driving down the road most times looking at homes thinking what i would do to that home remodeling wise am i crazy or does anyone else do this?