Lets say you hypothetically initially rent a house for 2k/mo and are essentially breaking even and not making any cashflow.

Then again excel and google sheets are essentially free too.

Louis are higher than the national average, which can impact tenant quality and property values, so thorough neighborhood research is essential.

@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern:  In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.    

Essentially I didn’t make enough to qualify for this loan.

As you begin, it's essential to familiarize yourself with the key concepts and strategies that will help you succeed.First and foremost, building a strong network is crucial.

The interest actually goes back to me so it’s essentially just an opportunity costs question about losing $50k of retirement investments with effectively 0% interest. 

You can't always get someone out immediately to fix things-you need to call right away (as soon as they open), but the rest is often out of your control and waiting 1-2 days for a non-essential appliance isn't the end of the world. 

It’s a new truck essentially that wa just waiting for the right owner.

Essentially, you're going to have to work a bit harder on the social level vs a guy with the same experience as you but is 40 years old.