"this was a foreclosure so there is a slim chance that the foreclosed upon individual will have the right to buy back the property from you for the amount you paid me, as long as he/she exercises their right before said date")?

I'm currently collecting rental applications for a SFH I have up for rent and an individual and her family are interested in renting my property. 

One of the best ways to go as described by John Jackson in Tarrant County (Ft.Worth in Texas) who teaches this method for about 15 years and has developed a good sales contract that gets you paid before the product sales and he usually quotes the list price to the owner in a fairly nice area.He usually calls houses For Sale By Owner in decent areas. 

We have managed our own 6 properties for over 10yrs and have engulfed ourselves in self teaching and research.

To give an update, I am in the process of working on getting long-term individual bedroom rentals for the 3 bedrooms in the home and will likely be able to cashflow a couple hundred dollars a month positively if I go this route, which is really exciting!

We are actually making one offer on a bank owned house and another to an individual.

I want to absorb as much knowledge as I can, from like-minded individuals, to become the best investor/agent that I can be.Thank you to everyone here on these forums, whether posters or commenters, all of your words and your advice, truly, does not fall on deaf ears. 

Very impressive start for such a young individual.

That far outweighs any individual property I own.    

Nice way to get the ball rolling for her, and provide a lesson that college wouldn't necessarily teach in the books per se.