I've been doing a moderate level of research around the housing industry and I am very excited and eager to jump in.

.: It has been a while Norada and Lane was on my "bizarre investment" watch list with their return level of post-usury level that can't be beaten or understood in this market in 21st century.Exactly!

@Will Zena, this is like 'becoming a millionaire', no money, no skills, no nothing.  

What is your comfort level? 

dont over think this its not that complicated. important issues are.1. cost of capital2. knowing what a deal is or is not.3. good reno crew or contractor  4. good agent that will tell you straight what its worth when done and what level you should rehab to.5. a market that is actually moving napkin math works  trying to drill down to decimal points does not.

If, however, there are any gaps at all in any of the above items, even a gap so small a mouse can squeeze through, that tenant will exploit it and your life just became a 7th Level of Dante's Inferno.....:)

Are you saying you have superior skills to make this scheme work?

Even if you are not cash flowing on day one, that's okay (in my opinion), you're not paying the full mortgage on your own, which in of itself is a huge win and you learn other tangible real estate investing skills along the way by simply owning. 

By creating pathways into skilled trades, we can pipeline our population into higher-paying, stable careers while building the capacity to support future development.

It is not always about stats.Recommendations:Neighborhood-Level Research: Don't just look at city-wide data.