There are lots of books and resources on creative strategies (which I enjoy reading actually) but it looks like, from the poll, most used pretty common strategies. 

Sounds like Ive got a long but enjoyable road ahead of me!

So you have to find a property that is likely not so nice, and buy it for a "AS-IS" price, then make improvements and enjoy the reward.Curb appeal drives rental pricing; If an neighborhood rents for $1,400 normally, and you find a rundown home renting for $950. 9 out of 10 times, its renting cheap because the LL wont improve the property, and likely has non performing tenants in it... so you buy at a cashflow price on the $950 minus repairs, then rehab and rent it for $1,400.

Now I'm back to my 3 deals a month that I'm used to and enjoy. 

I'd let him enjoy his damaged property and I'd go hunt down a deal that makes sense.

It is great to have you and please feel free to jump in the community and enjoy connecting with great people around here!

Being mentally ill does not protect a tenant from not paying rent on time and being mentally ill does not protect a tenant from disturbing the "quiet enjoyment" of the premises for all other residents/occupants.

We are in the Boise, Idaho area and enjoy everything related with real state. 

With your income, you have to ability to start partnering as a silent partner and enjoy the tax benefits as an LP, or if you wish to be more hands on, there are people willing to find good deals if you have the money put up. 

It is a great opportunity with huge upside, but you will have to endure a lot to enjoy the upside.I am happy to discuss more if you like.