Stay away from the lower income areas, typically we see properties more distressed, more challenging situations with tenants and late payments etc, we manage around 400 units and from experience its worth spending a little more money to be in a better part of town with more qualified tenants.

Well worth the money.

I don't have large money to pay off the that lien.

I considered ordering the lender's inspection/appraisal, but this wasn't an option because the water and electricity are currently turned off, and HUD won't turn them back on until I have submitted earnest money of $2,000.

We spent money on the inspector, the appraiser, and the lawyer.

I am re-reading 'The book on Rental Property Investing' by Brandon Turner then going to re-read 'The Book on Investing In Real Estate with No (and Low) Money down' by Brandon Turner and 'Buy, Rehab, Rent, Refinance, Repeat' by David Greene. 

I find properties myself or use personal connections.

I have purchased a set of 4 properties in Salem NJ and need to refinance them all to pay off private money lenders.

Spent too much money on updates for a rental property.

I have a potential tenant who is requesting to pay rent by money order rather than through the RentRedi platform.