Almost had to sleep in my rental car as no hotels were available for 50 miles. 

When the contract is satisified the borrower gets title to the house or car. As

If you borrow and take a loan using that car as collateral (security) the lender puts a lien against the title and usually holds the physical title document for safekeeping, while you drive all over town.In order to sell the car, a buyer wants not only the car but the original title document reflecting that the lien has been paid (satisfied).Real estate is a bit different in that the title document (deed) is recorded within the local county to tell the world who owns it.

At this point, as I'd just be starting out, the deals would have to be reachable by car, as I'm not at this point looking to trek cross country although in future that could be an option.

All it takes is for a job loss in your life, a transmission break down in your car, a medical problem and your completely hosed.I personally saved up money slowly by working extra jobs and through stock market investments to save up a 25% dp on a duplex and also saved up an additional 6k for EF and repairs.

You should either max. out your liability coverage (usually $300k per property) or even better take out an umbrella liability policy that can cover you, your home, your car as well as your investment properties. 

You might start by going to ebay and getting a copy of "Carlton Sheets No Downpayment course" buy it and listen to it in your car as you drive around.

In the mean time you should definitely go to ebay right now and pick up Carlton Sheets No Downpayment course and start to listen to it in your car as you drive around.

I just parked my race car a few weeks ago for monetary reasons, and it hurts.

Good advice with the car as well.Bringing a qualifications sheet is a good idea.