With rates so low for so long, unemployment rate so low for so long and gas prices so low for so long do you think we are finally at the top of the market?

(to start negotiation the offer was low) the sellers agent didn't submit it to seller he just said he know the seller won't take it.

Also, note there are several books in the BP bookstore about private funding/acquiring funding: Brandon Turner's "The Book on Investing In Real Estate with No (and Low) Money Down" Matt Faircloth's new book "Raising Private Capital: Building Your Real Estate Empire Using Other People's Money", Anson Young "Finding and Funding Great Deals: The Hands-On Guide to Acquiring Real Estate in Any Market", there are several more books out there on this topic.

Would this be a good start for someone with little experience and low funding?

I will submit at least 5 properties, but the odds of closing one of them are very low.

@Sam Hickey Thanks for the additional info, I was browsing a bit on the USDA site but since their properties are mostly in low population areas I believe that wouldn't be great for downtime getting a tenant in.

Unless you’re going to make a lot of low ball offers or buy or sell a lot of homes for yourself (and save commissions) it may not be worth it.

Wages in Reno are low compared to home values.

Fairfield Harbor has plenty of nice folks and a lot of homes have been rehabbed out there since Florence but you can’t fix the fact that it’s low and prone to flooding.  

I am buying homes that wouldn't pass appraisal standard for the low credit/low down loans and cleaning them up and rehabbing for the first time home buyer with marginal credit etc..