As with most things there's usually a way to get square footage for less but just like produce that's been marked down because its about to spoil, you'll want to consider why things are below market rates. 

If you are purchasing this with the sole purpose of a tenant paying down much of your debt and not producing income, it is an option.  

Learn the market there, understand market price, run the numbers to confirm the typical property in that market at the typical price for the market will produce the returns you want.3.

Real estate investing produces increadible results, but it does take time and you will have more than most of us - congratulations on starting so early!

For example, a credit card with a $10,000 limit and a $9,000 balance due will produce a lower credit score than the same card with an average $3,000 balance. 

@Doug Elkerman any of the many sites that sell leads are a huge pain for realtors in my opinion, and unfortunately many of the free avenues don't produce much unless they involve face to face contact of some sort. 

I became interested in Rich Dad Poor Dad where I learned that wealth is built by acquiring income producing assets.

I am very familiar with Northern NJ specifically, but invest in cash-flow producing multifamily rentals in Hudson County and currently have one in Bayonne.

If these high risk properties are owned and managed by capable, experienced staff they could produce a high cash flow. 

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