But it is just physically to far away from my base of operations for my current business style. 

Money spent on physical infrastructure outside of improvements for educational purposes does not receive any tax advantage.  

I would guess I physically inspect 5-10 properties for every one I make an offer on and I may only get under contract on 25-33% of those because I typically offer aggressively so my numbers work.

And unless you incorporate a bookie effectively, there’s a high likelihood it’ll do nothing for your financial freedom.If you’re working five days a week at your job, that’s great.

This is obviously location and property specific, but we're working with partial numbers so far...let's assume you'd want to stay in the cabin on vacation:)  If we find a place for $300k with 25% down at 5% interest, conduct $50k of value-add rehab...renting it 12 weeks/year breaks the project even on a cash-flow basis incorporating all costs.  

Then use your due diligence period to dig into the operating data and physical condition of the building to make your final decision.From what you posted, it sounds like it could be a winner.Good luck.

@Atwan Kwan Did you physically inspect the property and verify that there was only one cat? 

I'm currently looking into real estate investments as I am fascinated by the thought of monthly income through rental properties.To get to know me better: I'm currently 19 years old,  a physics student living in Germany and I just read an article about seller financing.Would it be possible that I start investing in rental property or do I need a real job first/assets?

I charge $400 per month per pet as a refundable security deposit, but I incorporate it into the whole security deposit, for legal reasons in Oregon.  

Then lookup the owners contact information on the New Castle County Parcel Search and send them mail pieces (if you don't have the money for this than physically show up at their house and knock on their door), letting them know you're interested in purchasing the house.