Anyway I tried reaching out to Ron LeGrand's group and I was suddenly like 6k too low to start or something... 

Buying fee simple performing properties at those prices will be difficult unless you go in to towns that are extremely tertiary, even then I'd be surprised to see pricing around that.

I've located a number of properties (I'm new w/ no offers) that are in lower income neighborhoods...a number of which are F&C or very little is owed.   If I could acquire one of these would it be a good idea?  man...

If your current income is low, just be extra careful when evaluating the repairs needed on fixer-uppers and you should be fine.  

I have project management experience, and it was extremely helpful in getting us through a marginally successful first project.  

Might as well tell him to buy low, sell high. =)

If that was said in the first person, you'd probably think Matt Rothwell was boasting, but in the third person, it sounds extremely credible.  

Instead, ready "Richest Man in Babylon" and "How I Turned $1,000 into a Million in Real Estate in My Spare Time" (the original version by William Nickerson), and begin putting together a definite conservative plan to build a real estate investment business with low risk of having to declare bankruptcy.  

Just like most businesses, everyone and their brother wants to do VR PM now, including venture capital backed companies charging as low as 10%.

Seems like I'd have to get the property at a low enough price so that god forbid the seller has to foreclose there would be room for the fc proceeds would cover the seller and then my partner right?