Contrary to what most will tell you on here, slow and steady can actually win the race! 

@Nicholas Diazdeleon - I'd recommend the millionaire real estate investor, ABCs of real estate investing, the book on rental properties for real estateFor business i'd say Start with Why, Building a StoryBrand, and How to win Friends and influence people and if you worry alot "how to stop worrying and start living"

A win-win

If I go after a nicer property in less need of fixes, seems FHA will be my best bet.

I didn't make as much as I originally thought but it was still a win.

Where I'm located your best bet is to get someplace that needs some work so you can force appreciation while having a small mortgage obligation because your renters are covering the majority for you.I think you should be careful with your numbers in these situations so you know what to expect for income/expenses going in and aren't blindsided.

It's ok to make mistakes, you have to be in the game to win the game.

An angry homeowner can pursue the tenant legally and might even win his case and obtain a judgment. 

I do not think and I wouldnt bet that prices would drop. 

@Eric W. In