They also said that I don't need to work with a real estate investment savvy attorney because they are fully capable of playing that role.

Assume a less then stellar credit score, but things are back on track (Self-employment took it's toll!). 

I have been driving for dollars lately and found a few diamonds in the rough. My only problem with that is not being able to locate the owners or note holders with public records... Any help would be appreciated Andy

Are they tracking their spending?

Am I on the right track or just getting started too late?

I've learned so much already from reading through these forums and I'm excited to know that this is just the tip of the iceberg.I'm looking forward to meeting and interacting with folks on this site and to getting my Real Estate career started off on the right track!

There is no need to track depreciation and file for 1031 exchange.

Property taxes have NOT been paid for the past two years.I tracked down the owners, who now live in Savannah GA at a property they purchased in June of 2013.

On the 1st patient in Texas, they are tracking everyone that worked with him at the hospital, and his family. they are NOT tracking everyone else in the hospital that was there or may have sat in the same chair as he did.

Assign or sell the option to a capable buyer, and make a  profit.On the commercial side, you will have to do more homework, and your upfront cost are more.