I had a lot of rain water drainage issues in the past for which I built a french drain /trench drain on the side and back which stopped those drainage water issues flooding my backyard and crawlspace areas(at one point lot of drainage street rain water used to sit many days in crawlspace which used to be pumped out by handyman).

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Also depends on what you mean by modest income and bad credit....Worst case like someone else mentioned, you could stay in this property and buy the next with a DSCR.

You're only limited by your beliefs.Practically speaking though, 2-4 unit multi is very very doable starting out, especially if you are willing to owner occupy.

This deal was brought to us by our relator and was also a civilian that worked on base that was leaving the area.

I have been using Marcus by Goldman Sachs for a couple of years now and have been happy with it, but have recently started to wonder if other online banks offer better rates. 

If there's anyone else from my neck of the woods, I'm wide open to learning how to navigate this niche.

And we all know how that domestic violence turned out OJ was innocent bro.

So, with large numbers of new graduates entering the field who are CHEAPER, someone established in the field may soon find themselves with "golden handcuffs" unable to find positions with the same pay as they are replaced by these younger cheaper options. 

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.