Hello @Robert Ferrell,From my limited understanding, its like owning a condo.

I understand that risk is a large part of using larger leverage for rental properties. 

Other programs that are county or state or church run are usually much easier to work with, I wouldn't be afraid to work with her, just understand where, from whom you would expect payment. weigh that information and choose.Your reply could be as simple as I don't participate in that program to accept that form of payment.

Understand that not every response was a deal at the moment but after that first call with them, I learned their situation.This is very important because knowing what kind of situation the homeowners are in helps you think about what kind of deals can be made. 

If you want to become a developer that is awesome but do a minor subdivision first so you understand the process.  

To do so, I think to take real estate appraisal course for better understanding of house values and also it may help to change my day time work since current daytime work is bit shaky.     

I understand that deal analysis is based on a fully rented scenario but I am just interested in how many people actually achieve getting paid to live in their property.Thanks!

I understand not wanting to borrow but you are selling yourself short big time.

$5,000 purchase price, I do come across properties that low but they will need a lot of repairs at that price that's what they don't understand.

I think I am starting to figure this out due to all the great help here on BP and some great books on SDIRAs too, but just want to make sure as we are some serious talks with a motivated seller about our next purchases.I understand the concept that when I use leverage in the form of a non-recourse loan in a SDIRA that their will be tax due on the percent of profits that are *related to that financing*.