im starting from scratch with no knowledge of anything yet and no stable income other than my parents and the part time job im working.

I want to move to Pensacola and take my boat out on charter fishing trips but want a stable income incase I don't go out as often as I would like, hine the pensacola area.

With such a property and with a stable tenant, visiting once a year might certainly be appropriate and you should almost never hear from the tenant.Mike

Only do a lease option with someone who's financially stable.

I'm also dealing with less of an investor pool so I have to factor that in too.My area is still fairly stable so I would guess that in most other markets you will need to be drastically lower than my numbers to be moving property quickly.

In fact, we spent way too many years 'learning' about RE and not 'doing' RE... but that is neither here nor there, just part of our process... what matters is that we're taking action now...I hope some day to have a more stable platform in our RE investments to jump in and learn stocks better... but for now our main goal is survival (see our profile for our goals), not enough margin for error to make mistakes in the market.

And no, not even the "seasoned shelf corp" scam will overcome that, lenders will look at the financials of the owners unless and until you are publicly traded with a long history of audited financial reports.

That has kept the market more stable.

Tons of money ...just waiting for someone else to make the first move.My read of 2009:Stocks -may be gettin stable...don't trust it yet.

Here its 70% of ARV, but our market is pretty stable.