Hard money still requires skin in the game, but it is asset-based.  

Hi Bernard,Welcome to BP, this is a great website and resource for all types of real estate investing.I always recommend these 3 things to beginners:1) Do a lot of research here2) Do not spend a lot of money with coaches, it would be much better to put that money to work and learn from experience, I'm not against coaches or education, but you need to be careful as there are some that are really bad3) There are many real estate clubs out there, visit them, select your favorites and meet other investors working your area.

I would really appreciate your inputs on the options we have selected.

Being selective can save you a bunch in the long run.   

The most important characteristics, for me, in selecting a tenant are (1) stable job and sufficient verifiable income, (2) at least a mediocre credit score (600s, I have even accepted 500s, but will never go below that), and (3) general vibe of how much they want the property and how long they intend to stay - with #1 being the absolute most important. 

, a lot of investors like to purchase there but have found other better sources for the different products we purchase, one of the products where we can get better prices is precisely appliances.If your prices are better, then please call my contractor Mac Salcido at Urban Construction (909) 732 7434.Anyways, I always recommend these 3 things to people beginning in Real Estate Investing:1) Do a lot of research here2) Do not spend a lot of money with coaches, it would be much better to put that money to work and learn from experience, I'm not against coaches or education, but you need to be careful as there are some that are really bad3) There are many real estate clubs out there, visit them, select your favorites and meet other investors working your area.

I never even expected to be in this position this early in the game. 

The adrenaline rush from RE is exciting, and I can't wait to have a skin in the game.

I suggest driving around any town you may be interested in investing with and then reaching out to a realtor who works in those areas to learn more about the market(s).New Haven and West Haven offer a great selection of properties, are near several universities and can make investors money and can get quality tenants if your application guidelines target quality over quantity.

Does anyone have experience with these, if so I'd love to hear more about them as I would utilize this type of collection system for my rents once I get in the game.