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I am starting out later in life (age 50) and looking to have some passive cash flow and hoping for appreciation over time. 

It's often more expensive but can work if the cash flow from the properties supports it.3. 

Because you are getting the home for 5% down and hopefully holding for the long term, you will almost certainly be get a better ROI than the ROIs you can get elsewhere in the investing world.

In terms of educational resources, there are a lot of great options out there.

Value of the property and the terms agreed upon between the parties

Due to rates and overall market conditions, it isn't easy to source a deal that cash flows unless you implement a creative strategy or put more than 20% down.

With certain banks, they can count your 12 months of rent, as long as they can source it.

(Of course other factors can play into it, location, rates, how long its been listed etc).I appreciate it!

They were inherited with no proof of rent's but have been there for a long time.