@Devon Morgan good credit is important for LIFE lol

@Rita Bock for an FHA loan you have to live in the property for a certain amount of time before you can sell or rent it out (unless there is a life changing event).

Also you'll get more depreciation expense depreciating the appliances over their shorter useful life than including them with the house at 27.5 years.

Love Arizona, been here all my life. 

Ive received leads for insurance and title companies that I will be calling today but I'm not completely sure what questions I should ask.

She advised me to try and focus on getting my life together, which she defined as securing better employment in science; the degree that earned me my student loan debt.I don't know if I will be attending said REIA again next month because of the "speaker" they had that night.

Right after you close get an insurance policy that protects you if there is a loss.  

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