Right now, I am handcuffed by this house with regards to purchasing any additional rental properties because banks will not recognize any rental income I bring in until the house is paid down to 80% of it's value.   

With no experience or expertise, how are you going to qualify deals, evaluate risk, recognize problems and opportunities, or move fast enough to beat out the competition even if you do?

Living at home, are you paying rent.Once you educate yourself on investing and prove yourself by being successful they will come around.Maybe your problem is that at your young age you have not proven yourself yet.

The SEC has stated that:The staff has also recognized particular instances where issuers have developed pre-existing, substantive relationships with prospective offers [...] 

Even though you show low income, if you have at least 2 years of proven income in the form of capital gains the lenders would possibly look at that income as "Self-Employment" in nature and do a 2 year income average of that portion of your income.

I recognize and I believe that Anderson's does as well, that every state is different.

We all need to climb the mountain daily, and while climbing recognize all the value you bring to others and all of your struggles.

If you don't know how to recognize a great deal then first is not buyers, nor is it a deal.

Leaving outdated, 100yrs old electrical that wasn't designed to handle modern electrical needs, that has been proven to be high risk for fire and does not pass any codes is not the responsible or ethical thing to do.

There's no need to think about scaling a wholesaling business before you've even proven that you can wholesale!