If the homes are set up right they can last 50 yrs plus.

It has to be at the right price and/or with the right terms(maybe owner financing).If you have that set up right, there should be no problem in finding a partner, hard money lender, whatever because of the great deal that you found.

Anytime you let someone get an emotional response out of you then you have lost control of the situation.There is a reason the police, martial artists, parents, etc. need or have emotional control.Investors/brokers/agents have to practice emotional control and following your plans and systems.

If you set these up right you basically become the bank and you are free of any maintenance whatsoever.

Check with CPA to make sure things are set up right to use the big deprecation deduction. 

In many areas taxes will only go up right after a renovation if square footage was added to the property or a bedroom or bathroom added so the city has to change the card on file.

I currently have $15,000 saved up right now and I am looking to make a play into the world of real estate.

If they are set up right, you can even get your offer accepted and have plenty of outs so you're not even obligated. 

The market is up right now and we are due for a correction. 

Called back later that day, told the landlord how crowded my open house is, and want to rent it up right away, and his landlord agreed".Funny thing is, this renter's wife makes $126K/year, was a senior VP at the local utility.