It can only be acquired by putting in the time and setting attainable goals along the way.

Congrats, are you planning to do further improvements now that it is rented to attain the quality of tenancy/property you think would be ideal?

We're a 2% CoC Y1 at best, but you will also enjoy the hyper-growth that has come in this market, so safe to say the Triangle is an appreciation play or patient capital as your rent rises for the next 5 years to get you to a cash flowing property.If you want a good cash-flow market that's attainable from a price perspective and growing, take a look at Greensboro, High Point and Winston Salem (collectively the Triad).

I am unable to attain a traditional loan because I had two mortgage delinquency in June/July of last year.

If his REI cash flow is paying for his expenses and he doesn't have to get a career from a college education, he already has the vehicle needed that we are all attaining to.  

This means putting together your operational team, the asset, and the financing in a way that have returns that are not only credible but also attainable.

The 1% rule is attainable mostly these days, but it's still not my focus just because those rules can get people in trouble.

I will always get a thorough home inspection and rely on a few trusted agents until I attain the experience to be a little more self sufficient, but I would still like to know that right questions to ask when speaking to an inspector, agent, or homeowner.

Here are the details:"Ask" price is $299K, though Seller's Agent has suggested to me that deal may be attainable at $250K. 

The more expensive RE means cashflow is very difficult to attain.