But, once you do build some wealth and have a high income, you realize how much you can save/make by owning the right real estate - numbers that far exceed any cash flow you might make on a property. 

save enough for a down payment and invest in loge term hold.  

 $24,000 loan from the government at 5% or $1,200 per year for 15 years or $18,000 savings.  

i am totally impressed with the way 'guru' out there trying to influence people promising there's a gold cave somewhere from 'infinite banking' to 'my own the greatest system ever' :-) I bet they save their money in the crypto token as well.

The amount saved can dwarf $6k.  

If you oversimplify it and take your total cost to close the deal / monthly savings = # of months to Break Even.

I have many flippers coming to me, asking for assistance to come save their projects.

Hire a licensed and insured electrician there are codes that are in place to protect people and property it is a safety risk that you should not cut corners to save a few dollars on.

Unfortunately, I couldn't purchase it this year but I just need to keep saving, analyzing deals and at some point I will be able to purchase it. 

I don't think that it would be wise for an senior to invest their life savings in a house where there is very little return, if any.