But it will certainly be after a great deal more reflection than three days listening to a millionaire promise me the sun, moon, and stars and regularly put up a disclaimer on his overhead projector that read, in part, "ASSUME THAT MOST PEOPLE MAKE NOTHING OR LOSE MONEY."

From there, you can look into either the FHA 203 (Buy and Rehab) loan, or just a regular FHA loan if you're willing to live on premise, which should allow you to get started for close to what you'll have saved. 

@Adam Johnson I'm one of those less is more people when it comes to lawyers, so I don't have one I use on a regular basis, but I think, for this, and since it's family, I want to do everything by the letter of the law in order to say I followed everything by the book and treated them as I would treat any other tenant (because that's what we agreed to!).

One thing we like to do is install a deadbolt and just a regular knob with no lock at the bottom.

You can go to usps.com and buy cool stamps for the same price as regular plain stamps plus shipping...

This nanny seems like a pro and suckers people into this regularly.I now regularly consult all of my investors on how to properly screen and sniff out potentially dangerous tenants. 

I agree with someone earlier, you have to remember who your talking about, Dave Ramsey is really more geared for a 'regular' employed person with no cash flowing business,,,,not someone that is a professional real estate investor that knows how to make money with debt.If I followed Ramsey's model I would own 1 house, all cash,,and cash flow about $800 a month,,,I own 5 properties with debt and cash flow about $2750 a month,,,which do you think is better (and have over 25% equity in each of them)

C) Hosting a regular brown bag lunch at work with select colleague investors to discuss what we've learned from the most recent Podcast Show. 

Or do you just recommend sticking with my regular cell number?

It's different than regular sales where I can pull comps and see if the price is within the ball park.