In those cases if it went south I lose some cash flow and possibly some equity if I can't get out fast but not the large down payment.If a seller gets iffy on you for a deal to take a chance you can always offer up a personal guarantee from your parents or grandparents or cross collateralize one of their properties as security for the seller.The more the seller wants down the more I would drill them down on the seller held note interest rate to improve my cash flow.

I look at my parents and grandparents.

My grandparents had invested in RE and I wanted to do the same.

Let's define Disqualified Persons – this means you, as the account owner, your spouse, your parents, grandparents or other ancestors, as well as your children, grandchildren, or other descendants, as well as the spouses of any of these persons.

Was the property originally owned by a relative or parent/grandparent, if so did it properly go through probate? 

I'm sure the "my opinion equals 'reality' for everyone on the planet" attitude was also common among your grandparents' generation when you were young, a long time ago, and you probably rolled your eyes just as hard at their smug self-importance as we are now.

I took some acreage that I inherited from my grandparents.

Hello,My grandparents made a poor investment in vacant land, and bought useless land in Death Valley, CA.

we live very small and very cheap. the reason I would like to live in my next potential rental is better financing, closer to jobs, and near the soon to be grandparents :) .

   My Father and Both grand parents were realtors and Landlords.