I've been interested in Zanesville for awhile, mainly because of the university and hospital that are located in a good part of town. 

Join some of our local meetups, I believe there are about six different locations coming up in the next week.

It is located in Chattanooga TN and I am in Atlanta.

If you think a Fannie/Freddie loan is not the right loan for you to get right now then a smaller, local bank close to the property location might be the right solution. 

Active duty army ( SGT ) Deployed currently.

There are many many ways to do REI and he can deploy that cash in any number of ways to generate income - but not all will be passive - so he needs to research what kind of investment is best suited to his goals.

@Kevin DongThank you, I think its a pretty good deal, good location and the numbers work out. 

In some places these things will all become part of the record... but it depends who is involved and where the property is located. 

It's located in central California which has a soft market.

I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.