(And started teaching financial wisdom and became wealthy again :) Anyway, my point is - if he had cash reserves and didn't over-leverage, he'd be able to overcome that obstacle with ease.

How did you overcome it or did you take an entirely different path altogether?

I am glad you were able to overcome your pitfalls, and make the deal profitable.Once again Good Job!

I had a few challenges but was able to overcome that with some locals who provided me answers/resources.

Of course, you need to be somewhat educated about the realities of the market before you do this, to make sure you put your best foot forward.Meeting in person can be one of the best ways to overcome the broker's gatekeeping function, by which they try to avoid newbie investors who probably can't close and are just going to waste their time.  

Going back to having your license in school...I think the #1 thing I had to overcome was my thought that because I was young or in school that people wouldn't take me seriously.

I have some other strategies: Buying partial interests Buying heirs interests in estates Adverse possession and gaining title via quiet title Buying property subject-to Straight Options Buying debt to turn into foreclose-able judgment liens I've done four out of the six above.

At that rate, it would take me a LONG time to get enough capital pulled together to buy more investments.To over come the capital obstacle, this year I'm working with an investor to complete a few fix-and-flips.

@Clay ManshipI'm curious whether you've been able to overcome these issues you had early on? 

When I walked down the basement steps, I was overcome with a nasty odor.