I like what I do, and since I don't depend on the money to survive I don't have to be too concerned about stupid ********, which is what I think most people really envision when they say they want out of the rat race. 

@Gerald Harris  I would personally wholesale them.  

As you have probably deduced, I'm still a student in high school; I'm a senior, and I'm still trying to survive the tremendous pressure of being a high school student while actively learning about investing in real estate. 

@Harry Doan - I chose real estate as my profession because I realized all of the benefits that real estate investing has.

What would your take be on the guys like Michael Blank, Peter Harris and a few others who teach investing without needing money or a life full of knowledge? 

I use Plano Property Management (Harry Boysen) since we are out of state and didn't have contacts setup to manage them ourselves.

@Harry MetzingerSeems like a decent deal.  

Originally posted by @Derek Persuit:Update on the status: The section 8 vouchers for the county this lady lives in have been closed for 3 years.I am unable to provide her section 8 housing then.Next steps: Purchase house prior to tax sale and have her remain in the property for a year until she is able to find another place to stay. if you buy the property at sale, free of any encumbrances (Other liens that might survive the tax sale...like loans), you are free to rent it to whomever you want to rent it to.

Those that remain and survive another 5 years about 80% of those go away.

There can be a terrible complex with "bad tenants" but around the corner in the same neighborhood their can be pretty good units with great people who is striving to do the best they can to survive.