Institutional investors attached to Broker/Dealers are using securities to finance these loans pools, the capital they raise is very cheap by doing so and the more of them who get sales traction on those bonds, the more prices are driven up.

The advantage to having a young son was that he put me to work "fixing" dirt cheap (I worked for comic books).

Not ideal but for those without bank accounts, it's the only way to do it.The last means of delivery I would trust would be the USPS.The goal is to minimize your involvement in getting money from the tenants hands to your bank where you can spend it.

I assume after searching my cities LRA-owned property database that most are in pretty shanty conditions, however do they usually end up being very cheap?  

Also the rent would be cheap enough for me to pay if someone does not rent it that month...around $500. 

I thought, that's way too cheap, almost impossible ( at least for New Haven, CT) unless it is a completely run down house.

Lisa Mauritis I specialize in finding distressed properties for cheap.

Young kids have plenty of time to burn, maybe seek out a mentor, work for cheap in exchange for his/her wisdom?

Hi Rob,I actually did further research back then and called on the phone and asked many questions.There is a student program that you buy in for that is not cheap and if you do that they give support.

Thoughts are appreciated.FWIW - we would like to have another child sometime next year and daycare is not exactly cheap.