If it was me I would do 5%, save the rest of the money to now have 15% of the 20% required to buy a pure rental :) But I am crazy and love leverage! 

I think that will put the whole no money, no credit issue to rest.

Once you have a great deal, the rest should fall into place.

Even though the back of the book MLC Codes are for Michigan, the rest of the book is for anyone.

The garage is on one end, and there is a staircase that goes into the basement, between the garage and the rest of the house.  

Sell your houses, put 20% or so down and get bank financing for the rest on properties in the $70k-$100k range until you use up your $100k proceeds.

@Aaron Xie - all good advice above.IMHO-I'd lend out a portion to local investors as a private/hard money lender secured by a note and mortgage and never go above 65% LTV.The rest I'd leverage to pick up several SFH here in Indianapolis and maybe a small commercial unit as well.I'm surprised you mentioned a few out of State locations when you already live in one [if not the best] areas to invest on the planet!

Account Closed Where is the rest of the money going to come from?  

I want to hire someone part time to do property managment and then allow them to be an agent the rest of the time.

@Elliot Larkin Simply put, if you had 100K in cash you could arguably invest in 4 rental properties paying 20% down and financing the rest instead of buying just one with cash.