So you can make a little extra money and start getting hands off real estate experience and education. 

Unfortunately the newspaper ads generally have a law firm that the deed was assigned to. 

In the worst case, this extra money should buy me enough time to continue to pay the mortgage on time as I evict that person if they stop paying the rent and allow me to re-“rent to own” the property or rehab and sell it.

I guess that shows they can make the payment and qualify for a loan, but, then, they are not getting that extra being credited toward the purchase price. 

@Harrison Krause post an ad on craigslist.

I want to make money work for me, and so I know that it takes some money to take care of those properties and hopefully, the cash will flow in and I won't have to invest any extra than what I have started with. 6 months from now, my goal is to begin that first property and be well underway to manage it, no matter what the learning curve is, because it's my first deal.Well to wrap it up, I'm a pharmacy professional looking to do more business, as they did not train me about any kind of business while in pharmacy school.

In the meantime you can just stack that extra cash!

OR they can continue to rent but will pay $100 extra.

Nina, my broker looked at rent, recent house sales, comps, etc, besides having a pool to recommend rehab and sell vs hold, among those reasons were the pool and the extra liability when renting with a pool.

You must be able to make enough equity gain through the added value from the Rehab to be able to qualify for the Refinance.