I recommend sitting back (crunching numbers along the way of course) and letting others ride the wave of low returns as you build up reserves.

They say that RE companies that claim to provide leads really only have weak web leads that have a very low, almost zero conversion rate.Any help or info with respect to these questions would be appreciated:1). 

If this PM were worth his salt, he would have presented the offer along with his own market analysis to either justify the low price or give you reason to reject the offer.I wouldn't deal with someone so flippant.

There are still markets in the United States that allow either the beginner investor, or the seasoned expert to invest at low price points in B class neighborhoods.As real estate prices have generally recovered since the financial crisis, there are still pockets that remain, where if you know what you are doing you can purchase a home for between $60,000 - $100,000 in a solid B class area with infrastructure supporting a tenant and home owner demand (Just ask all of the Midwest folks)These homes range from 2 bedroom, 1 bathroom all the way up to 4 bedroom, 2 bathroom and even duplexes.Price sensitivity is important for many reasons.

The next book I read and I'd recommend to start with was The Book on Investing in Real Estate with No (and low) Money Down by Brandon Turner.

If you have good income and good credit you can qualify for interest rate low as 9%.... if you consider that low...

(Self employed general contractor, income low on tax returns, but own house worth $1.2 million, no debt)Would love other opinions on this, not just our realtor’s.

But navigating all of their red tape got me into a really great property with a really low rate so it was certainly worth it.

Just FYI, the cash reserves ($2500) is low indeed, but that's for our company, not our personal lives and expenses.

You will be having a parent as a guarantor and it is their credit score you check not the student.As far as your credit score requireent is concerned 600 is probably OK for  C class neighbourhood but if your property is B or better 600 is far too low.