Section 8 can be good as long as your unit passes the program's housing quality standards, but with all that student debt she'll certainly need some supplemental under the table income, if she makes too much on the books she'll lose that voucher and possibly not be able to afford the unit anymore..

The method of getting to 40,000 every time for a property is daunting which has got me reading into other types of financing or areas.

I strongly suggest you read the bigger pockets beginners guide as it covers all of the basics of financing, and the more crazy and creative methods are discussed in multiple podcasts, Blogs, and forum posts.

@Darren Sager I have been reading information about wholesaling properties.It appears this method would give me the opportunity to be able to make and save money so that I can invest in my own properties.I have a full time job, I wouldn't have to worry having to use the profit for my expenses.Just a thought, due to me have no resources.

I suspect the Guru may have been just trying to put down assignments, to promote his other "better" method.

At the end of the day you can use emotional decisions or factual and logical/financing methods to determine if you should sell or not because it involves all of the above.

This method gives you the best of both worlds because an LLC is less cost and paperwork, but you still have the tax advantage of an S-corp.

Consider buying high quality leads from a source like Listsource.com and only mail to people (such as absentee owners) with 40% or more equity.

I have always been interested in real estate, but was discouraged during the economic downturn and lack of education about real estate investing.I want to begin with earned income methods to pay off some debt, then use the money from earned income methods to fund passive income methods.I look forward to networking and learning from all of you!!

Second property, was right next door, so I actually leveraged that with a credit card 0% cash advance for 18 months...put a little work into it and once I file for taxes this year, will refi to pay off the cards (yes I know many hate this method).