In my case, my job is to find deals and get them under contract for 50-65% of current "AS IS" value.

Good fresh paint job and cleaning.If the house is lower income then a larger expense on renovation will most likely not be inline with the return.  

I'm currently looking into real estate investments as I am fascinated by the thought of monthly income through rental properties.To get to know me better: I'm currently 19 years old,  a physics student living in Germany and I just read an article about seller financing.Would it be possible that I start investing in rental property or do I need a real job first/assets?

Hey BPers I am scheduled to close on my first 4 unit building in the next week.

Job takes a day , fill a 20 yard can which says xxxxx scrap metal .

thank y'all @Kelvin Letron Brantley I checked out metrolina REIA I I'm going to try to go to the Matthews subgroup as soon as I can work it into my schedule.

Treat your rental property business as a business and plow as much of your earnings (W-2) and cash flow (Schedule E) in to reserves, future down payments and debt elimination. 3G Capital has used this approach for 30-40 years in brewery purchases and is now the world's largest brewer having started with no beers sold.

Alas, I really appreciate you pointing out my error in wording as I need to start being a bit more careful how I choose my words (I've never had a "legal" type job before).  

He's sharp and does a great job.

My new job offers personal loans at 4.5% APR.