So if you produce a proof of funds letter that you must purchase go to closing with no changes to the purchaser. 

For most of the country lower oil and gas prices are a benefit but for producing regions like Texas this is going to create a downturn.  

I think the best thing you can do is make sure you treat your properties like a business with not only having policies and procedures in place  but followed.

Many here on the forum tend to go by the Section 8/HUD guidelines for their own programs, which is (overly simplified) 1 bedroom per 2 people, which seems safe, but no one has been able to produce, nor have I been able to find, maximum occupancy rules for localities.

Real Estate would arguably produce even greater incremental returns over stocks if an intelligent tax deferral strategy were pursued.

Welcome.In addition to all, that is suggested above, be creative with your abilities and celebrate your small steps.Learn, Apply, Produce!

When I went over to discuss move out procedures we got to discussing condensation and I asked if they had long showers.

Generally the biggest concern is the lack of control and trust with GCs, but I  feel that we've done enough rehabs with them to have had established that trust and know that they produce good quality results, otherwise I would never consider it. 

We're not trying to add new 'Projects' and 'Causes' instead we just do things that produce some quick money to spend on the real project: investment. 

So when you borrow money for income producing real estate it is not the same debt you have for personal items you buy that cost you money, and depreciate over time.