Getting a property that nobody else knows about is relatively easy, just stay in the game.

The truth is that the vast majority of newbies that "Just Do It" fail in a relatively short period of time.

To be profitable at rentals, you have to buy cheaply enough relative to rent to make a profit from the start.

Water line is relatively easy to repair/replace.

Real estate values have been relatively stable in Oklahoma so we are not affected as much as some places.

Say your website is REI related (example since this is an REI forum).

You can always use that cash to pay off the mortgage if there's some legitimate credit related reason.

I can always borrow 10k easily from a relative.

In general, SFHs provide an easier entry point for the new, relatively unsophisticated investor.

What are your thoughts on this statement: " getting the previous owner to keep the insurance on the property in his name to conceal the change in ownership is arguably conspiracy (two or more persons), mail fraud (something related to the insurance will go through the mail either from you or to you), concealment of a material fact, and false statement (to the insurance company about who is the current owner).