Take some time to learn and discern which is the best approach for what you are trying to do long term.

Yea from my experience the banks really don't discern what type of rental it is.

Discern the skills and experience you already have that are transferable to the type of real estate investing that interests you.

Now the older home drops its price, and suddenly my enthusiasm is rekindled.In such a situation, are you telling me the buyer's agent who shuttled me all over Orange County, whose discerning eye talked me out of offering on money pits, will get nothing if he brokers a deal for me to buy a house that I had originally seen without him. 

Truss package = $3000Decking/sheathing $30/sheet x 45 boards = $1500Crane rental $450/day x 2 days = $900Engineer drawings = $1800Permit = $2500shingles/labor = $6,000Dumpster= $300Total $17,000It's hard to pinpoint this huge disconnect in where his estimate is coming from compared to all of your inputs, which is very discerning for a first flip!

It is up to you to determine the local vibe and discern what is needed/wanted.

Investors will learn a wide variety of approaches to current discerning public records & what future data analysis holds.

How do you discern who these people are?  

I’ve been interested in real estate for years now, my family has been in the business, I connect well with people and can sagaciously discern their needs.

@Stefanie R.If you try applying by yourself with no source of discernible income, you'll have a difficult time getting approved.