All I have is a money market account and though I set up my schwab accounts and vanguard before we moved I never invested a single note into any yet because of my lacking knowledge.

I would look at people that are handyman over anything else, contractors will be used to getting more money and the amount you would pay them would either be too low, or the they would not conform to your work/company.

(I guess that's what the $3K to $4K deposit is for)(3) Is it difficult to find private money @ 12% over 5 years to fund these deals?

Both mentorship state they will help you get your first deals or you get your money back.  

Many sellers will not accept this since they are in second position, and it is very risky since if you default (higher probability for investors with no money and/or no skin in the game), they will most likely be wiped out during a foreclosure.

If you rent that out without a true Certificate of Occupancy, a tenant can sue you for ALL of their rent money back. 

This is invaluable because there are so many variables and questions you will have if you don't want to lose money.  

They are MUCH more responsive and even managed to recuperate most of the owed rent via landlord/tenant assistance programs.

OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

you cannot realistically buy real estate when you have no personal funds.but what you can do is work to put a partnership together where you find a money partner and you guys do a JV  money partner you do the work.. this can happen if you find someone who takes a shine to you and wants to help U