@John Lasher If you are still looking to spend $20k-$30K for a coach, I would be happy to take you up on that offer :) For full disclosure,  I will share with you precisely what you can learn online/ perhaps even entirely through these BiggerPockets Forums but that doesn't address the reason why most are still unable to purchase larger assets: creditworthiness and capital relationships.

I eventually want to build on the lot but for the time being, I want to purchase it so that no else buys it first.

I haven't had a client who has purchased investments in lawton in a while.

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

Purchase price: $150,000 Cash invested: $60,000 Rented it for $2195.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

I purchased a PreREO deal from them about 4-5 months ago. 

FHA loans require living in the home as your primary residence for 1 year after purchase.

What we have learned is that most people avoid these properties entirely, which allows us to purchase them at a significant discount.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.