He is on disability so he gets regular income every month and he has a conservator that takes care of his money and pays the bills. 

@Cynthia DockensThere are quite a few self-directed IRA and 401k providers who post regularly to these forums that you may want to check out.

I appreciate the humor although as a moderator you challenge my, "did he cross the line" decision making skills regularly. 

I have a regular job in which I make good money so affording another payment maybe possible.

I don't know of many regular jobs that would help you with the knowledge you'll need.

Even if the city were to stop you from renting this way it's only one house and it can be put into regular rental use.

We regularly get small-micro units in older condos at $20-40K in remote metro centres in Japan (Fukuoka, Nagasaki, and other areas of Kyushu and Shikoku).

Other than the foreclosure auctions, and possibly a few others without reserve, I find that the entire auction method of selling real estate is just a marketing device for what amounts to a regular sale.

Lets say I am a "regular" buyers agent, and I send out postcards to 1000 renters, asking if anyone wants to buy a house.

Anything over 72 hours automatically defaults to a 30 day loan which is the same as a regular hard money loan.