Based on my underwriting and the seller's firm price, this deal will trade at a 7.6%.

Skills and knowledge can be taught but respect loyalty and hard work can't.

I quick my corporate job a year ago and just trade stocks now so I can't get a traditional mortgage and I have a bunch of free time so I figured now is the time to jump in.The plan is to buy a single-family under my mom's name (I just showed her how to do a cash-out refi on her current house) then in the next few months, I get a job and buy a duplex! 

Love to read it is a great way to better yourself, and learn some new skills I feel.

A lien under this subchapter does not attach to:(1) wearing apparel;(2) tools, apparatus, and books of a trade or profession;(3) schoolbooks;(4) a family library;(5) family portraits and pictures;(6) one couch, two living room chairs, and a dining table and chairs;(7) beds and bedding;(8) kitchen furniture and utensils;(9) food and foodstuffs;(10) medicine and medical supplies;(11) one automobile and one truck;(12) agricultural implements;(13) children's toys not commonly used by adults;(14) goods that the landlord or the landlord's agent knows are owned by a person other than the tenant or an occupant of the residence; and(15) goods that the landlord or the landlord's agent knows are subject to a recorded chattel mortgage or financing agreement.

Repetition is the mother of skill.

And thats how it was done at least in the SF Bay Area and 5 years earlier homes were trading in the 30 to 50k range.. 

Any advice and skills will be highly appreciated so please let me know.

The preservation of historic features might keep the neighborhood beauty, but the costs are higher to find workers with the skills to make it so. 

The performance of the property is really more dependent on the skill of the management than the property itself.