You'll have to develop what works for you.Do a pre-screen over the phone to minimize waisting your time on a showing.

The investment should be done to maximize the return while minimizing all the risks involved.

They only require you live in it for a few years and with 3.5% it's fairly affordable with minimal downpayment.Most all lenders are going to require you to put something downYou could also partner with someone that maybe fronts the money for the downpayment.Then you could do some fix ups if needed, refinance and cash out. 

My main focus is to obtain all the knowledge that I can so that I can minimize the risk of failure.Look forward to connecting with everyone and soaking in every bit of info that you all have to offer.

If my thinking is flawed please correct me but all I did was delay the sale for 2 years and he's back to square one.

I personally use a delayed-close purchase agreement.

This is a big deal so I'd appreciate your direction very much.Installment Land ContractSection 9"Buyer shall not make any major alteration or addition to the Property that would normally require a city/county permit without first obtaining permission of Seller, which permission shall not be unreasonably withheld or delayed. 

What is my best route to getting money out of the place to buy one or two more rental properties with minimal cost to me?

what are things you guys do to help minimize issues. 

The costs are so minimal, you could probably set one up using Squarespace and have it ready in a day.