Take the time to look into issues found by the initial visual inspection.- Try to get confirmation that the condo is financeable before you pay for appraisals, inspections, etc.

But as of right now I don't make much and every time I visualize myself becoming a successful investor without much money the idea is really daunting, and sometimes seems impossible.

I work in Project Controls for a large industrial EPC firm, where I specialize in process improvement, data analytics and reporting visuals.

I'm a visual learner and this book graphically illustrates and somewhat simplifies the code's language. 

Cons are you cannot visually inspect your property at the drop of a hat and you may need to hire out for some smaller fixes that you could probably have done yourself. 5. 

I would feel more comfortable on my deals knowing the percentage on the ROI,I just do not know how to compute it myself sadly.I am more of a visual learner, if you can explain with an example,I would greatly appreciate it.

Here's a visual (based on a set of assumptions found in my spreadsheet uploaded to the FilePlace): https://www.biggerpockets.com/files/user/ScottTrench/file/all-cash-15-year-loan-30-year-loanImagine a median income earner who is extremely frugal.

I am very 'visual' so the charts in it are GREAT to get what @Scott Trench was saying.

Often, these neighborhoods can be visually identified as we drive around, by a tenant/owner who is a policeman or fire fighter parked in a driveway.Of course, our tenants are not all military, but it gave us a starting point.

For our first flip we wanted to buy something we knew we could add value to, and which had lots of cushion in case our stupidity and green-ness cost us dearly.