@April VanClevealways hard to say without complete details, but i would say foundation issues are too much for the very first one

So there will be the cost of the inspections (not cheap) and the cost of the repairs.  

Quote from @Melissa Stanley: A "cosigner" is someone that is financially responsible but not an actual occupant of the rental.

With all the uncertainty about budget cuts, DOGE ect is anyone concerned that subsidized housing could be in danger?

If they haven't learned the skills by the time they are 18, they probably won't.Here is a story about one of my children. 

Thanks for sharing, saw some of the webinar from the wallstreetoasis link.Curious how they communciated this to the original investors, cause them seemed to infur on the webinar that the 18% is such a great deal and better then what we would have offered the original investors.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

What are the best first steps for someone like me?

To make the acquisition feasible, I utilized an FHA loan, capitalizing on the historically low 2.875% interest rates and the attractive 3% down payment option.

The more financial assets the better.