Here are demographics and economic factors we're watching that could translate to a housing slow down.The largest group of borrowers, baby boomers, are aging out. 

You’ve already got his initial support so as you continue to learn you’ll be able to explain everything in your own words just like @Chris Nelson mentioned.

HI all,Let me preface this by stating I've utilized the search function to go through threads for kids similar age as me who want to get into Real Estate Investing.

Here are the number for that:List Price: 59,000Market Value: ~$61,000Repairs/make ready: $10,0003 bed/1 bathTaxes: ~$38/monthDown Payment at 20% (no creative financing): 11,980Mortgage at 5.5% interest: $272/monthReplacement reserve: $75/monthCap X: $75/monthUtilities: 0 (paid by tenant)Property management: 9% of rent plus 1 month rent for tenant placementEstimated rent: $950/monthMonthly Income after expenses: $169/monthCash on Cash Return: 9.2%This would fit my investment criteria in terms of what I'm looking for, but as I mentioned above, I don't have the money for a down payment or the repairs right now.

They came in and determined that the piers had to be raised and when they began raising, a crack in the concrete in the middle of the house gave in and the foundation company said that they cannot raise the piers anymore.Upon further investigation, we came to know that the previous contractor never mentioned that the concrete slab didnt have a post tension cable or rebar.

news is the fact that you're even asking these questions at the ripe age of 16.

Hi @Jackson Pontsler, All the marketing venues you mentioned above work.

As was mentioned, make sure you comprehensively screen the tenant to see if they seem like they'll be responsible pet owners.

Tips if your seller mentions “cap rate” etc—- they may be too smart lol... and I only make offers subject to me being able to make the offer directly to the seller!

Maybe a realtor could draw a 1 mile circle around your house, filter by size, number of stories, age, bed/bath/garages/pool, lot size, gates, Hoa?