Agreed, should estimate $500 per month in expenses (other than insurance and tax) on the $1000k income plus vacancy etc.

I think FHA is 3.5% down these days and with a seller assist going towards your down payment, it's very inexpensive to get into a home.

Easy - comfortable - inexpensive while : saving more money and learning as much as possible. 

I can use good inexpensive skilled labor in Saginaw.

Simple to use and as inexpensive as you're going to find.HOWEVER, you say you want at least three months' storage - do you want continuous recording?  

The latter two are especially inexpensive - but have rents to match.

Also, a low quality home can be renovated with some sweat equity quite inexpensively and attract a higher paying tenant.

Search for "Wholesaling strategies" and things like "Yellow letters" and "bandit signs" should pop up.As a rule of thumb, you'll have to find motivated sellers willing to sell the house for roughly 50% of the value (at the beginning, just use the Zestimate)When you can find a deal such as that, put that deal here on Bigger Pockets as well as call the Bandit Signs you see around town (the "we buy houses" signs) and tell them you want to partner on a deal.Continue living as inexpensively as possible, as long as possible, and always ALWAYS look to add value to someone else.

You should be able to pick up these inexpensive properties that are in a strong C class area, which has a strong rental demand.I watched the mobile home podcast too and can't personally add to that idea except that I feel like starting out, you should give a try to something a bit smaller.

These 2%+ rule properties (talking about SFR) are generally inexpensive and below lending minimums for banks, so you will generally not be able to leverage on the front end.2.