Lease options:  Find a property, take over their mortgage, and sell the property to a retail buyer for an Immediate, monthly, and/or Back end profit.This can be done with very little or no money out of your own pocket.Buy and hold:  Purchase a property, and rent it out for a monthly cash flow.Fix and Flip:  Purchase a property, do the needed repairs, and sell to a buyer for a profit.And then there is my favorite, because it takes very little if any money to get started.Wholesaling:  This is were you find deals that you can put under contract, for a low enough price that you can immediately pass on to another individual for more than you have it under contract for.Example:  House is worth 100K in good condition.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

Designing is actually one of my favorite things.

Be sure to speak with the inspector to see if he will charge you for additional trips to inspect the other units, do not release your physical contingency until all units have been inspected.  

It is a horrible disease and if it goes full blown (the day you close), you'll suffer sleepless nights, stress, lots of depressing road trips to your project, lost capital, and most likely be stuck with a rental house you won't want to own.

"I would agree with you, but then we would both be wrong" One of my favorites.

Of course there would have to be a trip cross country check off a few bucket list items too.

I'd also recommend taking a trip just to drive around and get a feel for each neighborhood.

I would love to put a trip together to visit some of these regions that have cash flowing properties available, including Cleveland, Cincinnati, Pittsburgh, Austin, and Dallas.Thanks for the ideas and comments so far everyone!

Also I thought I would add my favorite house of all time.