@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

Depends on if you have panels, crazy layouts, etc.

Not really sure how to go about financing but we're planning on having a down payment at or slightly above $100,000 and don't want to pay more than $3100ish per month. 

@Alan Mills You mention contractors not keeping a time line , not General Contractor . 

Typically it’s a secondary use meaning the land must have a primary use (like a home on it).

One tenant is behind on rent and has still not paid December rent.I’m seeing mixed things online but looks like I have to file something by the 31st?

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Yeah, it is based on the state's regulators.

I stopped reading after your tenants letting people who are not on the lease live there.

If the house is listed on the MLS and everyone else has passed on it, then you didn't "find" it.