You have to decide what your priorities are whether you want to sacrifice your living situation somewhat to get better cash flow or not.

I’ve never seen the step by step process first hand (obviously) and I know just doing it is the best way to learn but I don’t have the knowledge to get myself out of a sticky situation if things didn’t go right for me.

When i'm in that situation, I hire someone who does.   

And obviously they are in the situation where they need to sell .  

I am in the same scenario, pick your poison kind of situation.

My financial situation now allows it, so I am looking for as much information as I can to get started.

These tenants are in a hardship situation and they are liable to try to use the security as last month when they do leave-- I think the only way I'll be able to get them out without a loss to me is to hold that extra money.

In my situation they make them acceptable investments and a good diversification. 

The roof in that area covers the room, and the back balcony/porch, and it is approximately 400 sq. feet.I got two estimates: 1) $4843.09 by Home Depot, the Sales Consultant stated that they need to repair my roof and the neighbor's together, they do not install new roofs on situations like mine, where the roof is "shared by two properties, due to potential liability issues being claimed by my neighbor.

Cash on cash returns are important as they take into account the actual situation you personally will be in once you apply your financing to the deal.