It's important to develop a corporate mindset on all issues eary on, so you as you grow you are not scaling up with poor business practices.

You now have 2 properties 1k/mo in rent, with only one payment of $500/mo.I used poorly cash flowing properties on purpose as an example.

I guess I should wait to see what the appraisal comes out as.. but I have a fear that the condition of the building is so poor that it will effectively have a value of $0.

And these programs are not just for the poor, you can qualify with an income up to $93,000 a year. 

After returning from my last deployment I read the “Rich Dad Poor Dad” book.

Besides catering to Tech students, you have Covenant Health Care in the neighborhood, along with countless doctors offices.

I've also seen how poorly hedge fund assets in general have been managed and the condition of the inventory they hold in the sub markets in Phoenix I've seen them operate in ... so, I'm keeping an eye out of curiosity and perhaps as a future buying opportunity, and I already got out in those markets and I did not use hedge fund selling as an indicator, though ...

The properties I look for are distressed and/or poorly managed.  

I just turned 30 a few months ago, and currently work as a grant administrator for the Pennsylvania Department of Health. 

This property has been a problem in the neighborhood for many, many years.The seller is willing to sell it to me, but wants a price that's (IMO) too high for the very poor condition.Yet.... multiple neighbors and members of the community have approached me, telling me how much they hope I buy it and fix it up, and how much it would mean to the whole neighborhood.