The basic house-buying process to give me a foundation for what I ultimately wanted to do.Also, don't move your handy man in to the property and trade rent for services, what a nightmare!

Gonna separate the words acre trader in case someone is searching for it here.

@Carlos Medina with forex a highly skilled trader can definitely match from 60K.

For ex, if he had a property at 100k and needed two investors to chip in 50k, then I would expect more than if I were to just loan him 50k and he buys whatever prop. he chooses.  

Now I handle RE investments and she does forex.

. :)As mentioned, I'm far more stock market trader than a real estate investor.

Yes, you need to learn some technical basics, but I know many successful people whose strongest skills are either applying logical reasoning to system design or translating between super tech types and more outgoing trader types.

A steady job for 2 years and a down payment of 3.5% or 20%, and the personal ability to not be a recidivism statistic.He will have to comply with Parole, because not being tossed in the can again is crucial to this.I've been told a decent paying job for ex-convicts if they are strong and dependable workers is working on a concrete finishing crew.If he can come up with the down payments and meet the lender requirements for work history and financial numbers I don't see any other thing holding him back.But without those two, all of the knowledge in the world isn't going to help much.The zero down stuff, seems few and far between.Good Luck!

For ex: house listed at $269,000/In order for me to hit the 10% ROI, I would need to offer like $190,000-$200,000.

There are also additional restrictions on the total amount of late fee ( for ex. no more than 5%) you can charge for mobile homes, etc...So I have a flat late fee but Im happy when I do not collect it because it means that rent has been paid on time.