Maybe someone can point me to a post or video or just enlighten me on these questions and save me the money:1. 

Very enlightening thanks Rich.

Can anyone enlighten me as to what these professionally patched holes are, and if this is a potential safety problem due to furnace exhaust?  

AS long as you don't advertise in the public median send out blast e mails you can occasionally assign a contract without getting in trouble.. especially if you closing on a bunch.But is your scheme proves out you never bought anything you created a website and hold yourself out there as owning these property for worse assigning them.. then your clearly breaking the rules.Being a pilot your familiar with the regs.. you may find it enlightening to actually read the state real estate regs.PS.

Can anyone enlighten me on why investing in notes is cost effective (my time being a key cost element)?

I'm pleased to have enlightened you with my profound insights on cat pee.

Yet, since this house is actually worth 100K, my gross rental return on what I COULD SELL THE HOUSE FOR is considerably less, around 10.7%.If this is fuzzy math please enlighten me.

I don't think Jason is picking a fight, if you have info we don't have, please enlighten us, we will do the same for you when the time permits.

i have a few questions and im hoping some one can enlighten me a bit or at least point me in the right direction. my name is Gerardo im fairly new to RE and BiggerPockets for that matter. i reside in newark nj and im in law enforcement. i have recently decided to create as a goal 10k in passive income within the next 11 years to supplement my pension. at that time both of my children will be headed into college and id like to be able to rely on just the police and fire pension sysytem. i want to that by using the buy and hold method.my first question is though i currently dont have a huge amount of cash (im saving a lot though) do i utalize an FHA loan even though pmi will be attached making cashflow that much less or do i sacrafice passing up on deals untill have enough for a 20% down of some kind? 

Your suggestions are very enlightening as well as encouraging.