Ben is right, a conventional lender has there way of obtaining a value (Comparable sales, w/ small emphasis on Income), but you should have your own method of obtaining YOUR value. 

You will learn a ton about buy/sell transactions without the hassle/expense/risk of obtaining your license.

I have obtained my list from Real Acurciation.

No idea on if there's an online database of Durham or Johnston county delinquent property taxes but you should be able to obtain some sort of data with a few phone calls or an in-person visit. 

I stayed true to my word and dove right in to REI, joining two REIA's, introducing myself to EVERYONE and even obtained a pretty hefty collection of business cards.

If your goal is to obtain conventional mortgage financing, you could start by obtaining a copy of your credit report ... make sure it's accurate; challenge any inaccuracies to have them removed.

Assuming each property costs $180,000 and you obtained 30-year financing with 20% down at 5% interest, you will need about $36,000 plus another $12,000 to cover closing costs, rehab, etc. or $50,000/property.

In this time, I plan on paying off all my debts, saving up some safety money, possibly starting an LLC, and obtaining my real estate license (currently 12 hours into my 75 hour course).I live in a college town that's perfect for rentals, so I'm thinking on my first purchase, I'll buy a home to rent out to college students (with parent's cosigning of course).

Originally posted by @Bob Smith:Hey Bob, you are right, I am trying to see how I can purchase this home using less of my money.This concept is very interesting: lower loan plus a line of credit, how do I obtain this?

I am open to any advice that will help and be conducive to helping me obtain this goal.