While you are getting your finances in order, learn all you can from this site, books from the library and your local REIA.As harsh as it sounds, if you spend all the money you make from your JOB, you will do the same with all the money you make in real estate and so your growth will likely be slow and your wealth will be limited to debt pay down and appreciation which is never guaranteed.  

This may sound harsh, but you sound very much like a salesman for a crappy guru.

Don't mean to be harsh, but if you explain to an experienced investor that you are looking for a SFR with a good CAP rate then they are going to think you are a joke, an easy target, or both.

Little harsh...I think he realizes that this isn't the end all be all.

or a depression child.for property worth      >>selling the buildings for around 1.6 mil<<He could make more in a standard (money losing) savings account.This may sound harsh, I am sorry.But this does not seem to add up.Maybe you should step in.  

Sorry, after 18yrs I find that those playing the 'I can out negotiate you' game are difficult later, so if I don't volunteer pay, I don't have problems.I know that seems harsh to a tenant, but everything we do sets perception of who we are.

Reed's page.http://www.johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1Well, this review may be a little harsh, but it's done with good intentions.Best wishes, FOther BooksThe Elements of Investing: Easy Lessons for Every InvestorA Random Walk Down Wall Street: The Time-Tested Strategy for Successful InvestingThe Bogleheads' Guide to InvestingThe Bogleheads' Guide to RetirementThe Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by Jack C.

First that is a lot of homes ,and maybe your criteria might be a little to harsh. 

Given their history with financing, I see myself as someone who is going to be responsible for the unit and clearing the lien.This sounds harsh, but it is my contention that the Buyers need to go get a second job, store up the money, and buy themselves an AC unit with cash. 

I have the mortgage against the property and I might even be able to foreclose but that seems harsh.