When I was 22 I had to move from my home town to Las Vegas in pursuit of HVAC trade school.

But you trade that for interest rate risk. 

Unfortunately, people in the trades are often good at their trade but poor at managing their business.

Sure, they may be able to grow to a very moderate size,  add a few units, or trade up to a larger investment, but as for real scalability: NO.Why?  

Depending on your credit score in the US and credit trade line history, you could put as low as 25% down.

While trades are done relatively quickly today, and therefor the average transaction fee hovers around $2 per exchange, a few months back when bitcoin was all the rage there were too many trades for the system to handle which pushed the average transaction cost close to $40 per trade. 

This is both a business move and a workforce development initiative, targeting trades as a critical part of economic growth.

., you will come out on top just take a bit longer so you need to underwrite that in mind.If the former, I would do a combination of fixed income, private lending, and note buying and trade the arb.

But, to normalize, the 10-year will eventually trade at a 100-150 bps spread to the FFR.

If you have no money you can try to earn equity in a deal with your time (finding deals, managing the property, etc), or skill (learn a trade, get your GC license, etc) I read that book in Sept and wished I had read it sooner!