The other two...yeah, not so much.My point is, if you really have the right kid, he's going to be bright and motivated to succeed enough to see the value of what you're handing him, and it's going to be a transformative experience.For many of us here on this site, it was reading Rich Dad, Poor Dad that lit a fire under us.

YUP tough one.. market has cooled .. for used homes new construction remains robust.. especially if its same school district.IN CA we would accept the negative and rent it out and probably anywhere west coast..

Realistically you do not need pointers you need to decide what most motivates you.

I have offered 145k where as the remaining note on the house is for 135k with the reinstatement fee figured in.

I was looking to wholesale a vacant property that I got under contract with a motivated seller that lives 4 hours away from the property.

I don't believe that I would actually walk away at that point as there are other benefits to remaining with my current employer for several more years.

I’m not new to rentals but the idea of creating passive income to supplement my other careers has got me motivated. 

Also if you aren't new and are looking to provide insight, tips and tricks, or need some motivation come join this group.

The seller advised that she will be keeping the current tenant's (who will remain living there) deposit. 

https://www.har.com/content/newsroom/Houston Real Estate Highlights in July: Single-family home sales rose 9.1 percent year-over-year, with 8,108 units sold;Days on Market (DOM) for single-family homes remained unchanged at 48 days;Total property sales increased 8.5 percent, with 9,559 units sold;Total dollar volume jumped 11.4 percent to nearly $2.8 billion;The single-family home median price rose 5.9 percent to $243,500, reaching a July high;The single-family home average price also achieved a July record, rising 2.4 percent to $305,910;Single-family homes months of inventory was at a 4.2-months supply, down fractionally from 4.3 months last July, but nonetheless at the highest level since August 2017;Townhome/condominium sales rose 6.1 percent, with the average price up 6.9 percent to $215,110 and the median price up 9.3 percent to $165,000;Leases of single-family homes fell 1.9 percent with the average rent up 5.6 percent to $1,916;Volume of townhome/condominium leases dropped 6.6 percent with the average rent up 7.7 percent to $1,666.