There is a ton of risk in taking a property like this on, and very little in the way of cashflow to pocket while the appreciation is gambled on.  

Too many folks get stuck in the "learning phase" which leads to analysis paralysis, self doubt, or intake of too much information (be it positive or negative - which overwhelms or douses your flame).  

@Kim Meredith Hampton when you say "one person" shop is that mean leasing, repairs, intake for 100 properties by 1 person or do you mean one manager with responsible for a that team . (4 people : Manager, handyman, leasing intake) 

It has to be a significant amount so that the seller can see the value in taking your offer over someone elses.FHA loans come with the seller often needing to make repairs to get the sale to go through, as well as the fact that FHA loans have a higher chance of not closing than someone using a conventional loan.

I'm interested in taking the next steps toward building a RE investment portfolio.

We would be interested in taking a look at what you have.

She will be required to pick up the slack when you are not available in taking care of the family.

The next time I saw the guy he asked if I would be interested in taking this on, and that he talked to another long-time family friend who had 80 acres that would be interested in the same kind of structure deal.My opportunities to find how to make this work or if it is a viable investment for a partnership.1.

If you still come up short, the seller may be interested in taking back a small second to accomplish a sale.

I found a niche in taking that liability off their hands and renting it to the resident population that couldn't figure out how to save $2,000.00 but could come up with $600 a month for rent....oh and flat screen TV's.