I'm circling back now and digging a lil deeper specifically on the second property I listed in my original post.

Michael Corbin if you are planning to rehab, get a quote from a few contractors.If you are just interested in the plot, get an estimate from a demo company to scrape and level the lot.

I was just looking at it from a Federal tax level. 

Wanting to learn the business from the ground up has nothing to do with someone's income level.

I'm open to other locations, I just happen to be familiar with these two areas.I'm receptive to any recommendations and I look forward to connecting with all of you on a professional level. 

Whereas if you have it under contract and the repairs come in higher after inspections, etc, then you can ask the Seller for concessions based on information not disclosed, etc.You will get better at high level estimates with experience, but until then you have to make an educated guess and then firm that up with bids after you have it locked in.

One bit of advice is to keep your mind open to learning about other entry-level real estate investing than the standard single family residence fix-and-flip value-adding strategy that all the late night infomercials tout. 

I am in a higher level mastermind session currently, and paying money really doesn't bother most of us anymore..

The owner will be formally charged in the coming days.Windsor fire officials are taking this time to remind everyone it’s law to have a working smoke and CO detector on every level of your home.Reporter Email Jason Viau Twitter @JasonViauNewshttp://blackburnnews.com/windsor/windsor-news/2016/02/16/charges-possible-in-fatal-fire/

All of this case law could be applied (at the Federal level) in considering what constitutes an unacceptable delinquency rate for loans made on primary residences if the courts agree.Any operator, no matter how small, should be prepared to defend their delinquency rates, and to work smarter and more effectively at decreasing them.