@Jaron Walling thank you for the quick response. of course any deal might be different, and one neighborhood might present better opportunities  then another, i was wondering why when i searched for information about the city, i found multiple sources showing a price forcast which does not look good. do you have any opinion on that matter?

I'm also in search of the same, as I'm building my team there as well.

be organized.Example:3 months goalEnroll in real estate class-network and meet at least 3 real estate related professionalsSave XXX dollars toward first purchaseWork on marketing strategy, and overall strategy (define markets, focus will be SFR, buy and hold with 150.00 cash flow etc) 6 month goal--pass real estate exam--Save xxx--Improve credit score from 675 to 745make these goals quantifiable and specific, in other words you can cross them off when you get them done.The plan won't be perfect buy it's a plan and you show you are executing on it. 

Even if the rent covers the carrying costs he could still get crushed taking into account vacancy and future capital improvements/special assessments.

search the assessor's database for the county of the property. 

Any tips to help my search in finding 7% plus cap cash flowing place?

That IRS lien that didn't appear on the title search is now YOUR problem.

If they are in search of an ROI, you could draft a not showing their interest in the property should you fail follow the terms of the note.

You are on right path to rent out other room, and to make improvements to your current home.

I searched the forums for information on REI Vault, but didn't find much more current than 1 year old.