Originally posted by @Linval T.

You can certainly buy at that price or well below, but by the time you do renovations you are going to be above those prices.You can find tenants for $30K houses but they will tend to be market tenants that can't afford anything more.

@Linval T.

Its all about YOUR risk vs. reward tolerance, and personal goals.I personally would say unless you have already amassed some equity and cash reserves sell now and go  do the same thing again then you will have $70k then again and have  $105k and so on...keep doing what you know how to do until you have enough cash reserves to get into the long term buy and hold game and can afford to weather any storm that may come along.Good luck.

There are also many affordable books on the subject of flipping available on amazon.

There is a subway, an AT&T store, a hair salon, the owners business, and one vacant unit they are working to lease for a nail salon.

Since then, the homeowner couldn't afford to make payments anymore.

Simply buying "cheap" properties with good looking numbers (on paper) can be a recipe for disaster for some, especially if they don;t know what they're doing or lack experience as a real estate investor. 

@Shamim T.

I KNOW that this is a profession that can help me to become become financially independent, but I do not know where to turn and I don't have much money nor can I afford to just blow money in the wind from error, so if you have a cheaper route for me to turn to it will be HIGHLY accepted and appreciated!