Hard money is typically at pretty rates, mid-teens, and short terms, 6-12 months.  

COC in mid teens or higher.The strip centers are NNN with CAM re-imbursement so passive for landlord with management versus what you are looking at.

Cash on cash with 25% down going in will be mid teens.

Other hobbies include working with my local church in the area of health ministry and Bible Quizzing, a program that helps teens with scripture memorization.

Wish I hadn't, he turned out to be a tenant who paid rent the first month, was late the second and third, and took off during the fourth month without paying any more rent.Also, had a young teen tenant who started sporting what looked like gang signs on his social media sites and in his bedroom, so we checked them out and they turned out not to been gang stuff, but rather related to a punk band.  

I just ran the numbers through my handy dandy spreadsheet and even if you did purchase at 180k, with rent at 2400/month, total CoC is still in the high teens.  

Your COC returns should be in the teens (if not higher) if you're looking in the RIGHT markets. 

No wonder there's no obesity in Japan, you might get stuck in the house!

For some background, I'm a 15 year old living in Oklahoma. I am interested in real estate investing and have done research on this topic, but I am unsure on how I can take my first step into real estate let alone whic...

I think you will find you answer by checkbox with your insurance provider. i suspect you are taking on a large personal liability risk (that maybe wouldn't be covered).also I don't know the labor laws in your state, but depending on the age of the teen, some work isn't allowed.