I’m in the PAYE repayment program where your payment is based on your income.

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@Theo Seng, "real estate investing" has no set definition, so everyone is answering based on various personal paradigms and assumptions.Like others said, is it possible?

In which markets have you noticed particularly strong performance recently in terms of rental demand and occupancy rates?

Based on my calculations it seems a bit overpriced.

I think I've been doing this long enough to where I can sniff out a fake seller, plus I have a strong title background, but again, grateful to be informed about this! 

I'm open to hear thoughts and opinions on best markets in those 2 states (or any other promising markets based on the criteria I outlined above) that I should focus on as a first-time investor.

These are all good suggestions...I would strongly suggest hiring a good structural engineer to look at the property and the foundation issues, to write a report for you and whoever you hire to do the foundation repairs.

I'd find a local title company that can support such a transaction, and/or an attorney, and talk to themI would strongly recommend not downloading random documents off the InternetAlso you should be in a place financially where you are able to do this and not put the property at riskGood luck

Too many facts and each company will be different based on size of project, single family or multi family, single property or multiple properties, etc.