They often hope you'll go easy on the screening process in exchange for some extra money.

Make smart choices by guessing your money flow, asking local pros for advice, and looking closely at the house.

So I’m honestly not sure about goin in on a property only to lose money.

Now I have an investor who's been paid, and a renovated rental property with a tenant that I haven't really put any of my own money into. 

I have already ran all utilities from my original rehab budget but need about 30k more to finish.Now im 22 and really took the gamble putting most of my money into the original deal so savings isn't really an option.

So I would say spend the extra money to hire the contractor, watch & learn, and start doing smaller tile jobs until you are confident enough to take on a project like this. 

I am just wondering if anyone has been in this situation before, and has found a good way to get my money in and get my money out.Any advice is good advice.

You might think that 50% or more of the time I’ll lose money on the investment because the model doesn’t explicitly include those.

In addition to the offer terms, a savvy seller will want you to prove your have ample ability to pay both notes (your existing home and the seller's note(s)).

The subsidized money is nice because even if the tenant stops paying their portion you're still getting something.