People are buying the equivalent of $325k properties for $1800 in rent all the time, and this is a property you know.

-every property will and should have a clear title and hazard insurance, so they are fully protected -ask them how much money would they be able to set aside for this and how quickly the money would be available (or how ''liquid'' they are) when I have a deal -as backup I should line up some good hard money sources and private lenders -always borrow more money than actually need. so I can pay the monthly interest payments by increasing construction/repair costs the equivalent of two to three month of interest payments.

When applying for an auto loan, you generally only need to provide a SS# and agree to allow them to pull your credit -- they don't ask specific questions about assets or net-worth.But, when applying for a real estate loan, you will almost always be asked to provide the equivalent of a balance sheet, and not including business interests and/or liabilities on the balance sheet is would seem to qualify as fraud (in my non-expert legal opinion).

So, that would include the secured obligation and back payments... in other words the TOTALS line on form AOC-SP-402 or its trustee equivalent.

I'm also starting to change my lifestyle to get rid of extra expenses so more can be saved for investments.My very short term goal is to purchase a multi family 4plex or equivalent and live in one unit, while renting out the others.

If you have arranged it so there is surplus cash flow, you can funnel that surplus into savings to purchase your next rental property - and then your next - all with the aim of having your tenants pay off the mortgage and leaving you with that equivalent income when the mortgages are all paid off.  

Through being a veteran I can use the GI Bill or equivalent for housing expenses up to $1400 a month.

It would be equivalent to me characterizing you as a hypocrite .

Stuff like, "What you're getting this weekend is the equivalent of high school.

I would take it to a place like prosper.com or an equivalent (sorry Joshua, I always forget if I can include URL's).