Based on my income + about 70k in savings from selling non-performing properties i have been debating a few ways of going...I have been keeping an eye on MLS listings since i still hold my real estate license for the past few months and Craigslist for cash deals, but i feel the prices are just terrible right now on your typical 3/2 rental properties...Option 1: Should i keep looking for 3/2, 4/2+ under 150k deals for rentals in hopes of something popping up?

Its tough to give a spot on answer as I don't know your credit profile, terms of the loan etc, but a 6% interest rate for a non owner occupied property may not be too expensive.

You could make yourself a voting member and make them a non voting member. 

It’s all about finding those people and it probably requires looking in non traditional areas.

@Maria VillamarI don't want to oversimplify it, but Pennsylvania allows a non-broker to own a real-estate brokerage as long as the brokerage can meet certain requirements (e.g. having a broker of record).

I need the income from my non-passive investment in order to live today.

Sadly, all wholesalers are not so evolved and many will dump crappy non-deals on you if you let them.

You have to be accredited to use their platform - chances are that's a non-starter for a lot of us here

It was because of a misdemeanor public intox charge I got received 6 years ago on a Pharmacy class bar crawl.We dealt with a third party screening company that was like dealing with the DMV.    

I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.