The opposite side of the conversation was, there's allot of smaller things that can be done by the investor to save money instead of paying a contractor to do the work.

My name is Esron.I understand that one can received tax credit on a house for depreciation, and that the time or years allotted for that is 27 years.

I can use what I allotted for repairs for closing costs but I do not want to be left with no money after purchasing the property.Anyways!

Also, double check your VA allotment. 

I opted to get out of the Teton lodge project because the developer didn't get the funding in the time alloted in the contract and my $ was released from escrow.

Rule of thumb for Mobile Home PArks is to allot 30-40% of gross rents for annual expenses.

Jennifer S.summed it up well.Farming is definitely a way of life that people will sacrifice allot of blood ,sweat, and tears for.The monetary returns are very risky,low compared to a lot of other REI activities.People fall in love with the romantic side of the business,like the picturesque scenery,animal husbandry,challenges they have no idea about,producing your own food  for sale or your own consumption,ect.Just remember this,animal agriculture requires someone there 365 days a year.Either you or someone trusted or vested in the operation.There are lots of reasons why only about 2% of the population is directly involved in agriculture.You would be wise to explore those reasons and see if you can live with it.It can be a great way of life,but it is a hard life.How do I know this?

It required engineering to go across a small street in allotment, building a new temporary road so fire trucks could get into the neighborhood during construction, etc etc.

Use it as a primary residence and fix it while your in it for the minimum allotted time.

There is allot about real estate investing and managing you can learn without having money or much money or good credit.For example you can go down to your local building department and planning department and learn how to establish if a particular property is legally being used.