Give that 40 50 years and exact location becomes more important almost more than anything else...that is proximity to the most high paying jobs, entertainment, etc... 

I am a young adult looking for opportunities in the real estate market and am very willing to listen And to learn new things.

This is Adult 101 stuff.  

Has this helped in your adult life in continuing a pattern of frugality?

Hi,I've noticed that most FSBOs are not receptive in doing a lease option or terms type deal.Some say don't use words like "lease option, lease purchase or rent to own" with sellers because a lot of sellers really don't understand and it may confuse them.I've been unable to find sellers that will entertain doing a lease option or terms type deals.I've heard that some use expired listings as a lead source but I've been unable to get a Realtor to provide any expired listings so I tried to contact the FSBOs directly on-line.Not finding any sellers that will do creative deals like lease options or terms. 

We are entertaining using private money to purchase 4-6 unit bldgs in Jax.

I'll have to double-check if this TK company entertains lower offers since 10% CoC and $200/mo is pretty ideal.  

With all due respect to those who say you must have money to start(or at least your own), I think I may be the mythbuster to his scenario that the no money start is a myth.When I first started, it was 5 adults and 3 dogs living in a motel room. 23 years old, No job, no cash, bad credit.

However, there are downsides to include the wear and tear of multiple adults in the property instead of a small family or couple.  

Seller seems pretty motivated (i.e. flexible) and has nothing to lose by working with me to get this thing closed, rehabbed, and cash flowing again, so perhaps he will entertain some creative techniques to get this done.David, or anyone else, can you give me some more guidance on the owner financing terms I might go back to the seller with?