Here's something for you to consider - don't worry, this isn't a sales pitch (my company doesn't lend in Florida, so there's no ulterior motive in my sharing this with you):You may want to look at the option of purchasing a multi-unit property (let's say a fourplex) and financing it with an FHA loan.  

That in itself lends to typically very different scenarios as A neighborhoods don't tend to have random people walking by who would stop and ask you for a light or a cigarette."

Reported income makes it easier to build capital, and makes it easier to find lending.

I've found some investor-funding companies that offer, for example, "75% LTV lending with no down payment."  

I'm a finance manager at a car dealership and I can tell you that although the pros (banks) may lend money to a 590, they are going to hedge their bets.

If they want to be hands off, maybe you can direct their funds for lending to those with experience?

I am just starting trying to learn as much as possible about real estate investing.would be interested in all facets but would concentrate on wholesaling and possible private lending.

Also if you ask around I am sure there are several people on here who would be more than happy to lend you one of their basic spread sheets.

Why don't your parents take out a HELOC and lend you the money at a profit.

A good experienced local mtg. broker has people who want to lend their money secured by RE.