There are other ways to finance, but I am not going to go to far into that, because I am not a loan officer.As mentioned above, there are many factors that come into play, but if done correctly I am guessing you can make over 1500 a month maybe much more depending on the situation.

If I saw a lot of able-bodied men hanging around at that time I would generally pass.

Real estate investing keeps your brain and body active and healthy, and you sound like you’re already that kind of person anyway.

It all depends on how badly he wants the home and a place to stack the bodies (figuratively speaking, of course).

I was very surprised to find no hand soap in the dispenser by the bathroom sink (gtoss), no bar soap for the shower - just a travel size bottle of body wash. 

Thanks, Jaysen,I understand it's not going to work out exactly as I've written it, but I would like some more specific guidance per my question in the body.

@Aaron Moayed If you make over $150k then you are completely phased out and can't take a deduction for losses in that year and are carried forward until there is income or the property is sold.If you are under $100k then the loss is deductible up to $25k. 

Check out my personal favorite, Set For Life by @Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.

Any body have positive/negative experiences?

No body really wants to pay rent or its extremely late.