Once i get a few under my belt i would use this method as i would have a better understanding on how long it would take to accomplish the project.

Buying a property in the bible belt that had a murder occur may be riskier than buying a similar property in other areas. 

Just about anything can be used for cold air return as long as it won't get sucked into the blower like thin plastic like plastic bags and such.

This kid now has some xp under his belt and $200k to play with.

As @George Blower said, a custodian is still required for both types of accounts.Good luck in your investments

Sort of a snowball effect.If people just stick with it and get that first deal under their belt, they set themselves up to really make a go of investing.

I should probably note that my market is depressed (rust-belt PA) and there's alot of rental activity going on.

I would try the owner finance rout with you putting money down.The reason I say this is I helped many people improve credit scores back when I was in residential years ago.It's not just about credit score anymore.A bank will see you starting a job in a new field after quitting school as high risk and not stable yet.Generally underwriters like to see 2 years in the same line of work for stability and to get an average for your income over time.They also do not like to use bonuses for debt ration versus income as that can swing wildly unlike a fixed amount.So for example if you are averaging 5,000 a month but 50% is bonus that is looked at more risky than 20% bonus and 80% salary.This is why I say even if you get the credit score up it will help but time on the job will be a big roadblock with conventional lenders.This is why with your cash I thought get a few owner finance deal sunder your belt purchasing correctly and then you can have assets and cash flow with built in equity.You can then use these properties as collateral with some lenders.As has been said they generally don't care who you are if the value is low enough going in.With credit it is simple you just challenge it on your report (check all 3) exquifax,experian,trans union and then they have up to 30 days generally to respond.If they don't respond with evidence it gets removed.Do not leave a written statement on the credit report if they won't take it off the first time as that does nothing for you.In fact it can actually hurt your chances of removal in the future.Also do not pay an old collection that is coming off in a few years.If you owe 1,000 and it has been in collections for 5 years and is slated to come off in 2 years then calling them up and even paying a dollar REFRESHES the collection and makes it new again.If you challenge it multiple times and cannot get it removed then you can try for "payment for deletion" where they wipe the negative account completely off the credit reports for settling the account.Make sure you get the agreement in writing or it's not worth anything.

Yes, there are bad people out there in gangs who also haven't yet been briefed on how to use a belt.  

The corp. is not especially profitable; it generally brings in enough cash to pay the property taxes, insurance, maintain the house, and buy equipment (snow blowers, etc.)