@Tatum Littleton, I appreciate your welcome and reassurance that we are choosing a good starting place. 

Usually with  a new coat of kiln and paint the odor will go away.

Network with experienced investors, choose a real estate strategy, research markets with job and population growth, learn financing options, familiarize yourself with property management, develop a long-term plan, and leverage your stock experience to evaluate markets and trends.Good luck!

If someone would choose a new, small 2/1 for 250K or a 3/1 1950s build for 250K they would choose the bigger one all day long.

Choose the one that offers the best deal and service, and you'll be set to move forward with the process.

In my opinion, it is better to choose an area with a path to progress. 

A horse and buggy might get me where I want to go, but I'll choose other options.That being said, just because someone is using an algorithm doesn't mean it's the right one.

If you choose this method you will need to learn SEC money-raising rules.

This has pluses and minuses.If your property is bulletproof such as no framing - cinder block construction, cement floors, gloss white paint slapped on the walls and a cheap window mount AC, then you are in a prime position to make money with S8. 

Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.