You don’t need anything complicated to get started.

But overall I am willing to try because the prices of homes in that area are extremely cheap compared to what I'm used to in Jersey where I live. 

Pretty much all lenders in business to lend money will charge a service fee to the investors.. and take it out of the gross monthly payments..

Have you had tenants who seemed qualified on paper but turned out to be financially unreliable?

I have a property I'm considering seller financing with a wrap mortgage to a buyer, I'm currently refinancing the home and have the option to not escrow the taxes and insurance, which lowers the payment about 700/ month on the 1st position mortgage, BUT would escrow the T&I on the wrap mortgage. has anyone structured it that way what would be the pros and cons to structuring it this way? 

We frequently meet investors who have capital and are eager to partner with someone who brings time, expertise, or specific industry knowledge to the table.

If you don't have MLS access it's tough to find actual rented data, however you can use apartments.com to see active listings and gauge rent comps by days on market.

Yes, you can still reinvest in real estate but you don’t have to.  

You need to understand loan to value  and seasoning requirements before you buy based on your ARV.

Quote from @Kristin Vegas: Quote from @Paul De Luca: @Kristin VegasHow much cash flow is the property producing per month?