Account Closed  I ecco what most have said here.. but lets just look at the stat's... if one is going to just become a buy and hold investor then there is not much to that.. basic on line research that is readily available and paying for a independent 3rd party appraisal if you not absolutely sure of values .. and a 3rd party inspection.. will keep you out of trouble most of the time.Then a great Pm and your now and investor.If your goal is to create money monthly that you can live off of out of Real Estate then you want to look at this as a profession.And what do most folks do when they go into a profession they get formal training in some ways.. be it college or paid for specialty schools.. so why is Real estate any different.One of the best and cheapest ave's that can create a life time of income is to simply become a RE agent and work yourself up the food chain.. there are many ave's in RE that you can do to earn money..  

Also, study economics formally and informally. 

@Tanya Torres hi there - I  would recommend getting a  formal loan approval  in place with a lender  so that you can  1) become familair with present numbers  on  interst rates /  costs / payments  and  2) ask  lender to figure out you  maximum loan amt  you can  qualify for  3)  decide on location to buy 

This way you have a professional formal consistent way of denying applicants. 

Here is some info I found in the Baltimore Sun In 2017, Baltimore landlords filed 142,195 “failure to pay rent” actions against tenants in district court, leading to 67,000 eviction notices and 7,427 actual evictions. advocates for Baltimore tenants have long blamed substandard living conditions on lax judicial and government oversight of landlords.

They are easier to run with less corporate formalities. 

This upcoming Judicial sale is free and clear;The properties exposed to sale will be sold FREE AND CLEAR of all tax and municipal claims, mortgages, liens, charges and estates of whatsoever kind, except ground rents separately taxed pursuant to §610 of the Real Estate Tax Sale Law.

Missouri is a judicial and non-judicial foreclosure state. 

For a 1-4 unit property, a formal cost segregation study is generally not worth the cost for the tax benefit derived. 

Note investing is an investment that could cost $40k to buy a single note or a few notes and there will be some non-performing notes that never become performing and if you bought the note from a judicial state it may take 2 years to get the property foreclosed on.