Investment Info:

Single-family residence buy & hold investment.

Purchase price: $107,000

Cash invested: $5,000

My first investment property. Turnkey, 1 bedroom, 700 sq ft, HOA $183.00, 8% for PM...

Most likely looking to buy/hold maybe renovate and refinance as I live there but trying to start with baby steps.1: FHA: told that sellers are not so enthused about this option and that my offer may go to the bottom of the pile if competing with multiple offers that are conventional.

You have to have a contractor you can trust, a property inspector that can go over the property with a fine tooth comb if you're not familiar with all of the aspects of buying a used home, a lender/broker that has the products and a property manager if you're not experienced or if you have a real job. 

I’m completely new to everything real estate but a very tight financial spot and my first baby have pushed me and my wife in this direction.

While Vegas has a bigger problem, but other states have been loading up on casinos too. 

Favela are a risk due, too, the existence of 3 figures (all heavily armed and - imagine that - not trustful): The Police, The Militia and the Drug Cartels (this last fighting each other now and then).

I got the families to friends and hotels when they didn’t have them, but it looks like it may be possible I am negligent for not offering a hotel to the first family who have a small baby, even though she had been staying w friends.  

They don't mind calling your baby ugly.* They have a lot of contacts to share with you.* They have a lot of insights to share with you.* They know your market a lot better (important here to find a local HM lender)

We did this for a woman who just had a baby and was getting behind, $100 extra per month until it's replenished. 

Hype sells, baby!