I disagree with some of the assumptions above.Here's my take on gurus: most of them were / are successful to a certain degree but just like most of us they need to secure deals and financing.Being in front of large crowds is incredible for their brand.

Build credit- - and savings - so you can be approved later on for incrementally bigger loans and smaller down payments, which means more capital to 'invest' widely.

Said another way, at least for the time being, you should look at it as a pure cash flow investment, and even then, go into it with eyes wide open.  

Bubble nation wide, no.

I've gleaned an incredible amount of info but I don't think I've ever seen this answered.If I found a deal, in much the same way any other investor would, lets say I could pick up a SF home for 55k, and it's worth 100k, and it needed say 15k worth of repair, so I hit the target for a house that's going to be worth investing in,Would I be able to purchase that home with an FHA secured loan?

It's incredible how much information is available. 

Usually no one is terribly wrong and rarely is anyone widely accepted as being right. 

There are some incredible minds and undoubtedly successful portfolios here.

Now understand that these are not nice 2015 model homes but fairly old single-wides but free is free right.Thoughts?

With the exception of the Vanguard S&P 500 index at a .04% ER, nonE of the other funds really did it for me.But with my 401k brokerage account, I now suddenly found myself able to invest in a wide variety of low cost Schwab mutual funds and ETFs, with no commission charges.