Hi Mario, Very common method.

The paperwork sort of selling yourself is the VERY EASIEST part.

my main interest was in the letters he uses as messaging matters.  2nd was his method of narrowing down the list to the most likely sellers. 

It will also depend somewhat on the price of the house and the method they use for determining the payout.

Does HELOC and other home equity financing methods work in the current high interest rate environment?

The easiest way to start out is to "house hack" or in other words by a multifamily between 2-4 units, live in one unit and rent the other units out. 

Good chance you'll be like Michael Chang and make enough to purchase a substantial amount of real estate through the rental arbitrage method! 

Of course one method to check demand is to see if there is an existing commercial ALF already in town and if so where.

Reduce labor expenses, you increase disposable incomes, reduce cost of goods, reducing cost of finished material goods, creating a compounding effect of savings that all culminate in a significant reduction in cost of housing production, increasing production capacity, increasing affordability, invigorating economic activity, raising tax revenues via the Walmart method of volume over profit margin..... 

@Kenneth Lewis if you're 21 and you want a rental property by 24, I think the best/easiest path is to work on a career related to real estate.