Ideally, the faster I can spend 100% of my time within real estate investing the better, but I do realize that I may need some sort of income stream to qualify for fixed low-rate loans.

Was there some sort of contract? 

There is always some sort of presentation and is free.

There's all sorts of people finding the deals, that check the bank boxes, that don't have the down payment.

What sort of liabilities do you have if you do back out or don't close?

We are sort of similar to Detroits market except ours I would say is more thriving even though I'm sure I'm a little biased.

Prospective tenants must upload a selfie of themselves and their credit card information to help eliminate the risk of any sort of vandalism or theft.

This sort of thing is done all the time. 

@Matthew Reum there are all sorts of ways to find good deals.

You might be able to convince a seller to hold the mortgage note (ie seller financing) and have you pay them in regular installments, but even in this scenario the seller would typically request some sort of initial down payment.