Also note that this was a unanimous decision of a very "blue" state Supreme Court.http://www.delawareonline.com/story/news/crime/201...See Also, San Francisco Housing Authority:http://www.sfgate.com/bayarea/article/Housing-Auth...See Also this review article:http://scholarship.law.stjohns.edu/cgi/viewcontent......paying particular attention, perhaps, to this: "Nonetheless, banning legal firearm possession in public housing enables government interference with otherwise legal gun ownership, strips residents of an important means of self-defense, and very likely

It will get you energized and may be focus you a little bit towards RE investing, and it will enable you to start step by step if you would like to.

Excel makes the most sense unless you can find a free tool; with that said my wife and I own Tenant Watch which offers background checking solutions / tools for landlords to enable them to pull the most comprehensive background checks on your potential applicants.  

Many people get gov't support which enables them to pay on time.  

But,Pros:Tenants will be less likely to act up knowing the landlord is blocks away.It enables more of a community, where you aren't just the guy that collects checks, but gives you an opportunity to invest in shaping the kind of neighborhood it is.

Caleb, be sure to get an Assignments of Rents document or rider executed that will enable you to receive the rental income in a default situation.

But others will do the smaller loans, no question.Clearly you need a temporary solution while you do everything possible to repair your credit to enable a permanent and low-rate loan down the road.I assume you've already looked at options of a private family/friend lender, credit cards, or borrowing against your 401-K (this is free, you pay the interest back to yourself).Given your large down payment, you might be able to find a local bank (possibly where you bank now) that will do the loan.

2) If you can't get that dream job, get a job in your field of study that will enable you to excel and climb the ladder.3) Be frugal.

This will enable you to increase your savings rate and allow you to focus on putting that excess in markets with both growth and cash flow where the numbers do make sense. 

This would enable you to get into the property using an FHA Loan (3.50% Down Payment) with  a total out of pocket of about 7.50% Of the Sales Price.