I am in the global trade of fruits and vegetables.  

Having the mother cosign is great but I wouldn't put an emphasis on it, she sounds like a risky tenant and unless finding qualified tenants in your market is challenging I would hold off on this one. 

(emphasis added :)Good luck

I have a business college degree which had an emphasis of Real estate.  

I like the emphasis on the kitchen and bath.You may want to flip the hinges and handle on the fridge so it swings open the other way.

., definitely don't plan on more than 50% of gross rent qualifying as net rental income), global credit limitation -- and eventual cutoff -- on you as a borrower, more discomfort on their part as you amass more units, etc.

Considering how low we are, we should have seen a sharper rally on that day so that tells me the demand to buy isn't there right now but it would get there on a big WOOSH down open.I would caution you to put too much emphasis on the Dow right now, it's a price-weighted index (meaning stock price matters) while the S&P 500 is a market capitalization weighted index (stock prices don't matter).

Do these things:a) Put a magnet on your car that says "I Buy Houses"b) Tell everybody you meet "I Buy Houses" and also tell them you pay $500 for any deal they refer to you (which you end up closing)c) Find a couple of good (emphasis) RE agents who actually know REI and call them every 2 weeks.These actions will get you more opportunities than any website.

I graduated from college with a business degree that had a real estate emphasis.  

Both have always put a lot of emphasis on "you can't get rich if you don't have a profession".