This is a real example usually every year I run across a truck or boats travel trailers heavy equipment or parts or other things like somone mentions something they need and I hunt around and try doubling money orat least getting ahead afew bucks I did if I remember right five or six in a row all good So Wife wanted to use her money to play My wife and I have several lots at a nearby lake ,a lady we were talking to was telling us she let her brother stay a while in her mobile home there and she finally got him out..it's a mess ..

I don't think many teens are equipped to answer that question and merely take the path they think they are supposed to or are steered to. 

Maybe a dedicated vehicle or other equipment if the need arises. 

That’s why I want to get some deals now and get the capital so that when the market does turn around I’ll be equipped with the cash to be able to dish out more out of pocket.

No matter how well you plan you will miss something like the $800 utility bill from the contractor's equipment or the city inspector's previous warnings to the prior owner.The wolf investor never buys a $5,000 property without and edge. 

Not to burst your bubble but by the time I was 12 my brother and I had already purchased a nice farmhouse with several outbuildings capable of raising livestock, acquired the equipment needed to run the farm, and paid cash for everything.

He's very thorough, uses high tech equipment, and is overall the best I've used. 

Give each unit a shed so they have someplace to store lawn equipment.

These expenses are related to legal services, marketing campaigns, office supplies and equipment, and working capital.In the beginning our sole efforts will be focus on generating a steady flow of leads from prospective sellers.

Wong Not in the game any more  IE buy and hold out of state... pre 08 there were many lenders and whacko lending rules  IE cash out refi above purchase price... ( this was a very bad underwriting decision)  then 09 to about 18 months ago near impossible to get a loan .. now things have loosened back up.. but the new crop of investor must be better equipped to handle rentals... you can't just borrow on credit score alone these days at least that's what I am hearing you need reserves etc