If you rent will you have nothing to sell but you could have money if you are smart .The monies the homes owners spend on all of those upkeep costs and the interest rate paid back to the banks etc.

As far as your risk level goes, I'd say you're actually being smart and disciplined (not buying anything unless you're making a profit as soon as its bought) which what i believe you NEED to do in order to not only survive in this business, but to thrive.As for my farm area, No, i havent decided that or figured that out yet.

To that end I have followed Brandon's recommendation to use smart move .

Stay smart and remember that you need to make your money on the purchase.  

Also a smart way to find the owner is contact the local board to find out the properties details!

Naturally that would incur lawyer fees.On principle I don't want to pay this guy off but as a business it might just be a smart thing to do as a cost of doing business. 

I look forward to contributing and meeting like-minded smart people.Lisa

From most information that I have read this seem to be a smart way to start especially when you have limited income.

An electric water heater can cost 2.5-3x more to operate than gas and can be a turn off to a smart tenant.  

My goal with REI is to ensure a comfortable lifestyle through a smart and diverse holdings and attain true financial independence; I also want to help other like-minded individuals and do the same!