Don’t forget, some properties need lawn care, or snow removal, or insurance is more than double, or the house is brand new, or it’s 120 years old.

At 65k with taxes and insurance you should be under $500 a month you can't beat a cheap place to live. 

Example offer contract from one of my mentorsPurchase Price: $2,000,000Terms: $200,000 cash down Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rateSeller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030Seller to be named on property insurance policy to protect seller's investment

Lender's title insurance might be a little more expensive on the $700k one. 

The home was the most important thing in her life, for me it was nothing more than a place to live.

Better to find another job, even if it's part-time while getting some stability to your life.

The one I have had since 2012 is titled in my LLC and the other I just purchased in July with cash value from my life insurance policy and titled in my name.

Purchase price: $600kRehab: $120k (Includes labor, finishes, taxes, insurance, utilities, etc...)Commissions: 2.5% = $20,500Sold for $820kProfit: $79,500BEFOREAFTER

LC states they are to have insurance but doesn't specify what kind.

I never used my broker license for a full time job even though I kept it active for about 30 years.i closed a few deals for other people and have only one real estate investment deal for myself.As a safety thing, right after you close on an improved property, get an insurance policy that will protect you if there is a loss.