I'm completely new into real estate and only the extreme basics, but still a newbie.

But very unlikely with W2 income and a full time job.But this is an awesome concept as you could basically collect rental income for several years and never be taxed on it due to passive loss carryforwards if those build up. 

IRC covers many of the basic of NEC. 

Basically why they did that was to deter investors from purchasing locally.

The barment & clear title is basically what @Rick Baggenstoss described.

So Basically as mentioned by Metro Water, consulting with a Civil Engineer to get a quote to understand the projected cost of the project. 

Monopoly is the one I'd think of, but even sitting down with them and making your own game where they learn basic finances and budgeting (and how to do math) will put them ahead of most people. 

@Patrick Goswitz I think @Bruce Woodruff illustrates my point much better

This might reduce your overall interest costs and allow you to secure a more attractive rate compared to a traditional 20% down payment scenario.Platforms for State → City → Suburb → Street Analysis:For narrowing down markets, here are some platforms I recommend:Zillow and Realtor.com for broad market data, filtering by city/suburb/street.Roofstock for turnkey rental properties with in-depth neighborhood analysis.Mashvisor for detailed real estate analysis, including cash flow and rental estimates.Redfin and NeighborhoodScout for granular street-level data, crime statistics, school ratings, and property value trends.Once you narrow down to the city level, I agree that leveraging local resources—real estate agents, local investor networks, or property managers—will be key to gaining more granular insights on specific neighborhoods and streets.If you’d like, I can also provide you with a sample DSCR terms sheet to further illustrate potential terms.

Zillow is the basic starting point if you are still struggling to find data.