In the real world, I've only ever seen three paths to success when starting with very little: 1) Some forgiving friends or family backing/money 2) Accidental landlords who wind up with a property (move and don't sell, inheritance, etc) and become real estate investors (house hacking is a subset of this) 3) Super ambitious all-or-nothing types with a lot of guts (1 in a 1000)I think you need to step back and ask yourself what value-add you can provide that other players in your market (with 100 times more experience and capital) need or lack.  

I also read @J Scott 's books on flipping houses and estimating rehab costs, and @Brandon Turner's book on investing with low/no money down was part of what inspired me to seek out a private investor and to partner with a contractor (my own lack of funds may have also played a minor role!)  

It'll also give you a good idea of where you're lacking in information.I agree that 15k is probably going to wind up really low, particularly if you have extensive water damage.

In the beginning I was extremely part time due to lack of funding, intelligence and confidence.

I apologize for my lack of real estate finance knowledge but I don't understand how we are avoiding payments for five years and/or recommend reading for this type of creative financing.Thanks guys

@Dawn AnastasiWith a lack of response that significant, I'd make an effort to contact the owner directly ... if the "wholesaler" is unwilling to work any harder than that, s/he really doesn't deserve a slice.Alternatively, it may be a scam and they sensed you know too much to be a mark?  

I've been reading a lot and talking with locals, and came across a few people who know of a few Condos who lack a good property manager.

Always wanted to get involved but lack of information and failure held me back 

If it's as good as everything else I've seen here at BP, I expect to learn some great strategies for getting started, despite my lack of funds.If you're not a book reader, try the BP podcasts or the new video courses on this subject.

In the pay cash option there is no car payment therefore to compare "apples to apples" wouldn't you have to consider investing the $161.12/month that would have gone to a car payment in the cash option?