@Cole Brittner Good morning 100k downpayment or you are looking for 100 k houses

You can earn from the many contract set asides, tax incentives and specialized financing  that exists only because of your tenant.My funding group (DTRT FUNDING & Consulting - Do The Right Thing) funds what we call the path.. all the varisous companies and non profits that can benefit from the wide range of tax, contract setasides, funding and income generaded by that trnant becomming a productive and independant person.Would love to talk 

Is there decent demand for shared housing in Cincinnati?

We are staring a house with them.

I once almost bought a house that the electric was off.

if you buy, develop properties and then sell them.You are considered a 'developer' and the land / houses are inventory. therefore, the income would be ordinary and not capital gains.

The particular place I have in mind has a 1 acre lot and the house probably needs  $60k to work on it (this was guesstimated by my coworker who wanted to buy it).

@John McKeeSome states allow a contract for deed to be done with and existing mortgage (and some do not), that is the most common way I see this occurring.

My idea is to buy a house and rent it out, so it can pay for itself while I live in a family-owned house.Would you recommend buying a house in Orlando right now?

If the business life cycle cannot be survived, deflation will exist and that is the worst outcome.