Those new apartments where Baby Does used to be charge $400 per month in pet rent.

It probably wouldn't hurt to use something like Dave Ramsey's baby steps to start saving up some Emergency Funds and Down Payment Money to start out.  

@John Suralik  subject too is a very old and easy method of acquiring RE its not big deal. what it is is uber risky for sellers unless the sellers have already lost their credit and don't care and are walking.. the reason is you take Title subject too  the existing loan.. remember loans stay in place unless paid off and even though all debt instruments have alienation clauses they are rarely envoked.

Need cabinets that are inexpensive but will last a long time.Second, is a town-home that will appeal to the local baby boomer crowd.

He may be young with a "cute" baby face, but he has extensive knowledge when it comes to CRE.

So we can conclude that:The majority of homes with physical distress in your area are locally owned by baby boomers. 

Elder law is a growing area (baby boomers aging). 

I've got a couple decent candidates I'm considering, both with pros and cons...1st OPTION:Doctor + retired woman, both mid-60s, no kids, no pets~ 9x monthly rent in income2-year lease... potentially longer termGreat credit score-- However --Tax liens, bankruptcy, both have "messy" divorces in past couple yearsOnly been dating for about a yearDUI, expired plates, and another charge I'm looking into--2nd OPTION:Young couple, Dad + stay-at-home mom, baby, small dogRelocating from Texas~ 4x monthly rent in income1-year lease... almost guaranteed not longer than thatAlready had higher house payment in Texas, so rent would be cheaperExcellent credit scorePerfect background checkPerfect credit reportSo the question is, do you go with the older couple without the pet who's already interested in signing a 2-year lease and could potentially stay longer?

I am an entrepreneur and now taking baby steps to begin to invest in Real States and be able to make my first flip!

Starting from the ground floor, I'm okay with taking "baby steps" as I go along.