My main question is  the marketing aspect of it, what is the most effective way of getting motivated sellers?  

They can tell you about the important tax aspects including depreciation for your situation.

In your case Tatyana there are many things you could do to generate income without the headache.1.Triple net lease from a corporate tenant.You get a 8 to 9% annual return on your money and they take care of taxes,insurance,upkeep etc. 2.Lend money to a hard money company for great returns3.Lend and invest money with someone like Brian's company an equity group.4.Invest in REITS.There is risk no matter what you do but there are even more ways than above to get the returns you want,work your job,and spend time and provide for your mother without owning a rental.I just think from what you have posted there is much better choices you could be making.The 600k equity you speak off is not all available from a bank as they will not cash out equity to 100% of the value.You keep wanting to believe in this K person but it is not there.You might want to look at selling that property and getting into something else.You need to do the financial planning aspect of it and see if your purchase or way of investing meets your goal and your lifestyle.Good Luck

So many benefits, to name a few:* Land lording on training wheels - You will learn all aspects of managing rental property management without a ton of risk.

I have been tinkering around BP for a year or so in the background -- using this space as a search engine -- but I'm finally engaging in the community-aspect, which is impressively concise in its mission and rich with participation.

@Tim Shanahan, you can buy 4plexes for a little more than 25-30k a unit and those rent for $600+again, I would find a strategic partner moving forward though...

The interest aspect will keep you pushing when it gets hard and choosing your route based on the market will help protect you so that your investing journey doesn't end as quickly as it begins! 

I think the most important aspect is that the paint tone chosen is neutral (same for flooring).

Send me PM and we can strategize @Aberham S.

While they may not be applied 100% to Real Estate, I would recommend the following fields:  Accounting, Psychology, Engineering or LawAccounting is generally a little more rigorous than Finance, Economics could be another option if you are interested in that.Psychology would be a good degree to help with the marketing/sales aspects of Real Estate.Engineering would help with some of the home improvement areas.