Just remember that knowledge of your selected market and the locations you pick are very important.  

If I split the water line how would it effect if work needed to done on the water line connecting to the back house?

right now I drive an old car. 1999, It was my first beater .Right now I'm saving to get enough money to put into my business / save enough to get a hard money lender and do a deal....Even though people say they don't judge , I'm curious how much of an effect a car has on a listing appointment . 

Keep up the work, stay persistent, and try different methods to find the most effective.

Unless it's a relatively simple job or you've got solid construction experience, you'll want to proceed carefully, as a good GC's markup includes the value of their experience in selecting the right materials at the best quality available.

If this is just a small, passive income stream, I don't see why it would effect you receiving benefits.

Additionally, while a precipitous fall in oil prices has had a negative impact on “oil patch” locations, it has effectively increased the spending power of the American consumer.While there are still concerns regarding the overall health of the economy, the current real estate lending environment remains active and strong as a whole.

I've found that you need to have a net profit of around $40k to justify the S election, assuming that's your only earned income for the year.

I feel that I have a good grasp on how they work ( the Financing structure, the funding of the Repairs into the Loan, Interest Rate, Points, Seasoning Period, Down Payment, etc. )What I'm still unsure of , is what is meant by a 5 or 7 year ARM ( as the Initial Loan that you get when you use a Portfolio Loan from the Get Go , But then after that time is up ( the 5 or 7 years ... depending on which ARM you went with ) , how then does the Financing , and More Importantly my own Personal PITI on the Property get effected, by me then having a 15, 20 or 30 year Conventional ?

Most of us know what we don't want, very few know what we DO want.I think you need to select a specific niche to start, concentrate and learn as much as possible, and then begin to develop an investment plan.For instance, I have chosen Multifamily apartments (niche).