Also remember if you advertise that you are rehabbing a home with signs in the front yard you are advertising this to thieves,  code officials,  and teen trouble makers as well.  

In our tiny town, the library is a pretty hoppin' place for kids, teens AND adults.

I was able to find a good tenet who was actually the best friend of my neighbor.This tenet and his wife were both doctors with one pre-teen child.They had bought there place at the height of the market and were just wrapping up a short sale.I was able to get them on a 2 year lease at $1600/month with a $1600 deposit and no property management.What a great opportunity (they continue to be absolutely fabulous to this day)!

At least I have dreamed of being in Real Estate since late teens.

A little background on me: I have always wanted to get into real estate investing since I was a teen.

The foundation/basement is the least sexy part of the build.The foundation/baseent is the most important part of the build.

I do have older teens and a husband (third child, lol) however we can work together as a family to improve our lives.  

what should a person like me, in his teens do to start in real estate?

It wasn't until I was in my late teens did I start to show an interest in it, and by that time it was the middle of '08-'10 and I was highly discouraged from making that my career of choice.Of course time went on, and as I'm sure you all know, the oil & gas industry is a roller coaster, and during the last lull, I tried my hand at real estate full time, and became licensed as an agent in Louisiana.

yeah 1% rule is really only good for a QUICK gauage, like if you are thumbing through 20 properties and just trying to narrow things down.. i would suggest running it through an analysis worksheet (you can find some great ones a la google).. based on your numbers (at $3500 gross rents) thats 8.8% cap rate..nothing sexy about that. especially if these are "management intensive" units and you're picking up someone else's tenants (headaches)...