But don’t let the age fool you, I’m young and motivated!

I have recently decided that I want to learn and get involved in real estate, I am 19, in school at James Madison University and motivated to get going.

To make a long story short, the seller is definitely motivated, however, he's considering working with an agent because the agent said that their property would be worth about 250k (definitely makes sense for the area), therefore, that's the least he's willing to expect from it.

Rents should try to reflect any extra costs you incur so long as the rent remains in line with the market rate.

If anybody is in the Delaware, Philadelphia, SNJ area and is looking for distressed owners who are motivated to sell their property then perhaps we can make a deal!

I would check out the following markets: Harrisburg-Carlisle, PA MSAScranton–Wilkes-Barre–Hazleton, PA MSALancaster, PA MSAYork-Hanover, PA MSAReading, PA MSAHistroically, those areas have been around a 10 cap market and the population has remained around 400k to 600k.

Given the condition of the house, and knowledge that the current owner was motivated to sell, I was able to purchase the house for around $12,000 market value.How did you finance this deal?

That case also gave us a multifactor test to determine if a note is a security based on the motivation of buyer/seller, plan of distribution, reasonable expectations of the investing public, and other factors that reduce risk. 

Can someone point me in the right direction and motivate me to get my journey started already.    

I don't plan to remain on the West Coast in perpetuity...we're figuring on 5-8 years max.