I have what I think to be a fairly solid plan on what I would like to do.

We have a page that should be useful:http://www.biggerpockets.com/fair-market-rents.html

It seems like a fairly good deal to me or is it just the big down payment?

This way, the tenants become much more invested in maintaining the property and believe they got a great deal on the place making them much more likely to stay long term.† If you hire professional property management make sure you pay based on percentage of rents collected so you don’t incur excess expenses on vacancies.If you have multiple back up exit strategies you can go forward with confidence on any deals.† Just make sure you increase the spread you normally work with to give yourself the most options.

But I am fairly certain that if you buy a house where you can pay 50% of the rent in expenses, and then pay your P&I payment (note that the taxes and insurance often included in the payment are actually expenses), and then have money left over you're likely to do OK in the rental business.My take on the long term picture is that over time rents and expenses are going to go up.

Galvanized is fairly sure to have problems.

In the meantime, I would like to keep my knowledge of my current profession fresh, and I believe I can maintain this by helping others within this site with any of their title questions and the like.

If you maintain an office or place of business that is open to the public and you can get prospects to visit you in person, this is one solution.

Hi thanks again for your kind words, I'm fairly new to real estate investing, but I have been spending many hours reading, going to seminars and really trying to immerse myself in the business and meeting a lot of amazing people.

Typically, to cashflow a property well, your loan to value ratio can't exceed 80%.Since you are looking for answers and maybe someone guidence, I would suggest checking out hud.gov to see what the fair market rents are for section 8 housing.