There is about a two year school of hard knocks to go through as well starting out so be prepared for some scammers to take your potential profits for awhile until you figure out how to do it right.Maybe you would be more happy with a 12% return as a performing note holder rather than a lender yourself.  

I have started to pay mortgage fees, title loan, and even had a home inspection performed.  

-Has been in the business for 10+ years and is a top-performing agent in my target market (Grand Rapids, MI).

Move-in ready.Asking price: $99,999Best and final offer: $85,000Financing: 20-25% downTaxes: $2,627Conservative rent: $1,000/monthRepairs budget: 5%Insurance: $45/month (est.)Property Mgmt: N/A (self-performed)Based on these assumptions I am coming up with a little over 19% Cash-on-cash returns each month.Apologies if I left anything out.  

First, you can't contract to do something you're not allowed to perform, if you can't own you can't contract to buy or to facilitate ownership.

Seller issued notice to perform to remove loan contingency.  

Client is already sourcing SBA funding for his ventures and should easily get his loan due to the performance of the property.

Thanks all for your informative responses, so besides tasks with physical nature what kind of office work tasks that consume much of a Landlord precious time? 

In the law I found that it says even owners not living in the property must have a contractors license to perform the work themselves.

Even if We know that Bayou City is facing the oil slump very hardly, but there niche and part of the town that still performing well because are occupied by different types of professionals figure that are working in sector like maritime transport, medical, manufacturing and distribution.My suggestion is to study the market, contact a local agent, read the news, and then make your decision based on real number and real prospective and area development.Once again, depending everything on what Submarket your are going to focus.