People will always prefer 2 bathrooms instead of just 1.

Pick a niche and then focus on that.

I'm currently Reading "How to invest in Real Estate the Ultimate Beginner's Guide to getting Started" by Brandon Turner and when i"m finished i'll be purchasing "Long-Distance Real Estate Investing: How to buy, Rehab and Manage Out-of-State Rental Properties" by David Greene.I have never done any investments in my life but one can only assume doing this as a Foreign Investor is a little more difficult than being a local one but i'm sure this can be done with a strong team and the more knowledge and strategies come my way the better.I plan to buy and hold (Multi Family preferred) first in Philadelphia, PA because i have family there so figured it may be a little easier to start before i eventually branch out in the future to other states.From the podcasts, webinars and from what I've seen reading some forum posts i can tell this is an awesome community so any knowledge, strategies and words of wisdom is highly appreciated.Looking forward to your reply.Thank you.

I actually prefer to leave them as the titled owner because there are no property taxes as government entities cannot be charged taxes.

I prefer doing it this way. 

I consider any tenant that pays late as a bad tenant and prefer that they be afraid of me .

talk to Peak Asset Lending in KC  @Alexander Felice  banks generally wont fool with stuff this low unless you have existing relationships with them.. the cost and risk of having a default far out weight what a bank can make on a 15 to 20k mortgage.but i have seen small local commerial banks do these for local citizens that own 10 to 50 homes and its their cottage industry so to speakI have NINE loans under 75K and I work at a bank, while it's true banks would prefer to do larger loans, they do small ones every single day. 

@Kristina Lugo I prefer the cash out refinance in your situation because this allows you to delete the PMI forever which raises your cash flow substantially.

Be sure to include a written statement that you are happy to pay the non-seller his/her 50% of the annual rental value -if they prefer to vacate the house and leave it to you. 

1) You need to do your research to pick an RE niche you want to concentrate on2) Once nu 1 above is done, then concentrate on learning and educating yourself on such niche including market analysis, underwriting, searching for deals, establishing connections in the area, etc...3) By the time you're done with nu 2, take action!