And you probably need money for living expenses.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Maybe $100 but thats not including saving any money towards unexpected expenses...

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.

Quote from @Paul Whitehurst: Many will tell you to borrow money from Property A to purchase Property B, but that's known as over-leveraging and not recommended for a newer investor.

What may seem like a benefit (NO MONEY DOWN) is actually a curse!!  

Any good resources for learning about hard money loans?

You’re paying big money to target people who explicitly want to hold on to their homes, all in the hope of convincing them to sell.

If I were the neighbor, it sounds like I'd be the only one bringing money to the table so you could get something you want.

I'm sure he could give you some pointers on setting up a business and creative ways to save money.