., @Jay Hinrichs and @V.G Jason have done an excellent job of laying out a flaw in your thinking, and I will take it a couple of points further.1.

They're all based on sliding scales. 

Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

If the property meets your financial and lifestyle goals, it could be an excellent first house hack, but be cautious with the risks and have a contingency plan.Good luck!

@Matt Wan you've received some excellent advise here.

Although I could do the same on Excel but the interface, saving deals and most importantly the search function seems nice.  

I'm thinking a house hack with a V.A. loan so you could slide with that 0% down and allocate funds for repairs. 

Use an excellent property manager. 

Regardless of your real estate investing strategy, pre-foreclosure properties can be an excellent way to purchase real estate at a low price.This post originally appeared on the BiggerPockets blog.12.

I was thinking along the lines of just a few slides of a slide deck showing the property and the potential.