So knowing how much effort you want to put into something, how much risk you want to take on, what your skills and interest levels are, etc. are key. 

I plan on eventually leaving when my portfolio and experience level are adequate.  

@Roberto LebronConsider an entry level job with a property management firm.

That's unusually high, we lost several opportunities in that timeframe to investors with deeper pockets willing to settle for less than 1%.  

(I would advise if the answer is yes to make sure no viscous breeds are allowed and also get an extra security deposit and possibly extra monthly rent.)Also, something that helped us that you might want to consider is for your credit check is that the score matters, but we look deeper than the score if there are things that come up (and in New Brit there are usually things that come up).If tenants are skipping out on "modern life essentials" like utility bills, cell phone bills, car payments that is a huge red flag.However, if it is a result of medical bills or student loans (or possibly a foreclosure during the crash) you may want to look past some of those.

The benefit of an installment contract is the buyer can operate the property as an owner and pay down the total due for sale earning equity or bring the actual funds needed at the time of financing to an acceptable market level.  

Usually you see signs on the outside ground level, up in the attic or in crawl spaces.  

Khirly Bell I would Recommend joining your Local REIA Club and get with a Mentor or Coach there are Levels to this have you checked the comps in the area have you seen the Inside of what this Property might need in Repairs.

You can take it up another level and if you end up in a place where you have a modestly sized 2BR you can find a roommate and have them pay half the market rent for the unit and split the utilities and then you could be in the living free/making a small profit area there.

. $0 because taxable ordinary income is below the threshold level of $75,300.B. $15,000 because the total of the ordinary income and gain is above the threshold level, thus incurring 15% on the gain.C. $8250. $130,300 - 75,300 = 55,000 X .15 = $8250.D.