Hey, I'm 20 years old and I barely have any money in the bank.

No lender will allow you to take a dime out of the property with out having at least bare minimum 20% equity in the home. 

Hundreds of these would barely scratch the surface of the market demand.

Such as the roof needs to be completely replaced (there is a ridge sag and seems it could fail, rafters aren't place correctly), the porch needs a larger joist as its sagging down as well, the basement still has asbestos, the basement needs waterproofing as there is a moldy smell and minor water leakage, barely update the 1st floor unit, update and correct the electrical (relocate a fuse panel in a bathroom), brand new panels in the basement with a larger feed coming in, concrete steps in front and rear of house are in need of some repair, the boilers may need to be replaced, replace a few broken windows(completely shattered, just a piece of plywood covers them now), the lower roof gutters were nailed directly into the shingles, there are no GFCI's in any bathroom or kitchen, and a few other fixes.It would be an FHA 203k with 3.5% down$9,600 per year in taxesGarbage is included in taxes, tenants pay gas and electric, owner pays waterThe 1st floor unit is a 2/1 rented for $1225, they have exclusive use of driveway, backyard and the basement. 2nd/3rd floor unit is listed as 3/1, however there is 2 bedrooms on the 3rd floor with a bathroom.

If it's pink, you need another coat.

Hi everyone,My name is Daniel and I barely knew about this site which is awesome!

We manage many condos that rented between $3,500-$4,500 and the owners barely having a positive cash flow because over 25% of gross rent is going into the HOA.I would look into the mid west area with your current capital and hire a property management company which will take around 10% off your gross rent but be sure to do your due diligent.

I had 2 foreclosures and 1 I barely saved by filing bankruptcy (which I later regretted).I took some time off real estate to get my feet back on the ground, but not too long, because I saw the opportunity in the down market we were in. 

My real estate agent believes rentals are solid investments and they are, but I barely have enough money to make the 20% down on any properties in my area.

intersection of 282nd and Orient  in Gresham Oregon.. you will see a bare lot on the Northwest corner that's ours.