He is currently paying $600/mo which is quite a bit lower than what i could receive, however he is a permanent tennant and is basically guarantee to pay every month with no hassles.

At my most recent meeting with the LA housing authority I learned about Prop 10 that basically limits the amount of rent a landlord can increase a vacant unit.

I started a thread about getting 200 a door in OH and basically was told those days are over.

They had the basic message of, "hi!

The house was in the middle of a major renovation and is basically just studs and needs all new eletrical, plumbing, sheetrock, flooring etc.

@Michael Plaks yeah that is basically what happened.

I'm at the point where I have the basics all working, just trying the little tweaks to improve things.

We worked out the details I basically put 3% down about $5k and now I have a mortgage with them.

The basics of leverage are that the less money you have invested, the higher the return on investment. 

So instead of 'development and multi-family', start with 'networking, service, reading spreadsheets/analyzing, connecting with people, managing projects, etc....' basically write out whatever you really enjoy doing OR whatever skill you want to acquire... and find a job in RE that matches. because RE is so diverse and people oriented, you're bound to find something that suits you.