I dont have enough money to purchase a home to start my buy an hold venture so i guess wholeselling would be the best way to start and build capital. in the mean time ill continue to educate myswlf on all the creative routes of real estate. again thank you for sharing God is good.

Her child got very ill and she had no where near enough money to pay for what was needed and the result was medical collections.

I'm sure its the whole rental mentality thing,  even though I am 99% sure Ill inherit this house, Its still not 100% until I have the title.  

but ill slow down and follow your advice.

To compete in this horrible market, I know Ill need to add a third bedroom, another bathroom, redo all the plumbing (it was built in '57) and electrical, and since its zoned for horses, do something with that.

Seeing as Im quitting my day job today, Ill have alot more time to find the people I need to make this a success!

I guess I should have been a bit more specific in my post, as @Ali Boone inferred - our long term goals are still a bit ill-defined.

They're probably one serious illness away from a cash disaster.But i'm getting calls from folks with several animals, 2-5 kids, etc etc. 

I make over 100k at my W2 job so I will use about 40k of my HELOC as a down payment (I was given a 70k HELOC) and then ill just pay it off as soon as possible. seems like a really good strategy!

Please be sure because Im tired of hearing "no, we dont manage east cleveland" after wasting your time with them.But, Ill be happy with any help.