Hi llan,Way to go that you are thinking so far ahead at such an early age.  

Your age, if anything, is an asset to what you can accomplish in this business

As such, this type of house is much older and tends to have related issues with age unless it was updated at some point in time (e.g., cast iron plumbing, old electrical work, inside walls are not sheet rock, they are plaster, etc.).

I found nice property for 17,500 that's forclosed but my parents are nervous as to if I should get loan at this age but I'm ready and I feel as though this property can sale and feel like there holding my dreams up.

Below you'll find some of the information contained in the proposal.Property Coverage:Terms/Conditions: special Form: Excluding Flood/ EarthquakeReplacement Cost: Buildings & Personal Property - No coinsurance.Actual Loss Sustained: Loss of rents-extended business income for 90 days.Actual Cash Value: Applies to wind/hail claims on existing roof coverings over 15 years of age and older.Deductibles: $10,000: AOP per occurence$25,000: Per location, per occurence for wind/hail/ hurricane$10,000: Equipment breakdownNONE: Loss due to fire which emanates from a permanently attached cooking surface.Exclusions: Pollution & contamination, asbestos, earthquakeMold, mildew & fungusFlood is excluded - Earthquake is excluded.Wind/hurrica/hail/floodCosmetic damagesI just realized that it is too much information to write onto a forum post - it wouldn't make much sense.

If it needs a lot of work I would probably just try to sell it.I am 59 years old and I was not in that situation when I was your age and did not have that kind of opportunity at such a young age that I knew of.  

The greatest dependency seems to the age of the (oldest?) 

I get a report each week from management that shows occupancy, days vacant for all vacant units, move-ins/outs, leases signed and approved, lease renewals, expiring leases, weekly forecasted occupancy for at least six weeks out, reasons for moving out, sources of new tenants, delinquency aging along with collection notes, open payables, cash balances in all accounts, plus a status report on units upgraded and any major issues/projects.

This is my Criteria: High Equity 40% to 100% Age 45 and Older owned the home for at least 3 years.

I'm a mom of 5 under the age of seven and just getting started on my own real estate journey.