My girlfriend and I wanted to buy a single family to live in, but after some researching and some eye openers (thanks Rich Dad Poor Dad) I realized I wanted to start acquiring assets and start my way towards passive income.

You also open yourself up to personal liability issues in the event of a lawsuit.

Foreclosures are going to owner occupants before it's open to investors, or they get bid up.No matter what route you go, you've got to creative, and the tried and true old school methods still work.

Patrice made a great point to be open to different counties.

Robert,Not yet, but I'll tell you what I just got off the phone with one of my close buddys that practices real estate in Florida and he is open to doing a joint venture on an apartment building in Ohio.

He has around 40% of the cash needed to close and he is letting in family/friends on the initial investment(other 60%) to close the land for some equity in the project.Here is what he is proposing: 6 family/friends(includes me) should open a LLC and put the 60% of money required to close the land in the LLC bank account.

A local builder quoted me this summer at $250k for a split bedroom, open concept 1700 sq ft ranch, finished basement with egress window and two car garage.

Open a bank account.4.

I am looking at SFHs in Dormont, Castle Shannon, and Ross, but I am open to any neighborhood.

I had 3 door knock teams.... one man one women... women kicked but men where there for safety.My wife is a lifelong realtor.. and there are certain things you need to do to be safe.. she kind of has a sense.. she gets crank calls and kind of has learned what situations not to be in.one of the major ones is alone with male.. she opens the house and stays on the front porch.. never gets trapped in a bedroom and would never go into a basement etc.talk to your real estate agent lady friends.. there are courses.having a firearm while great.. you have to be a quick draw and most can't hit the broad side of the barn with a pistol especially in a high stress situation..