In my case we are running our low income rentals as a business, offering better properties and response than a slumlord, and working a little both with long standing tenants fallen on hard times, but staying objective,  In the same neighborhood I have launched an adopt-a-block program where churches and other groups can adopt one block to do projects and get involved in lives.  

Having equity is a good launching pad.

I think some discount is good to help launch it, but don't undercut yourself too much - I think $1500/wk when it's really worth $2500/wk is too much of a discount.  

Launched a landscaping rock (pebble, really) right through the passenger window of my VW.  

I did not get my start this way, but I understand this to be a simple, straightforward method for launching into RE investing.

But more than anything, the wealth of knowledge you obtain in this endeavor will blow your mind and launch you forward and give you a good head start in investing.That's my advice.  :-)

The question I have, and you need to know are:1)  Do you have deeded lake access and a boat launch?

You shouldnt have to do a darn thing, let the health dept look at it and they will launch him. down side you may need to tear down the house.  

I launched two listings last Thursday and Friday (225k and 270k) and both had multiple offers by the end of the weekend.

I was stationed at Eglin in the early 90's left for Sheppard AFB (Wichita Falls) bought a house in the area (still have it and the equity launched my second in in the area).I moved back in 1998 and lived in Crestview for 3 years we left in 2001 (with a stop in Panama City and Warner Robins GA) I moved back to California in 2005.I am going back to the area,  however, to get a feel for the vacation rentals available.