There are TONS of opportunities for young, motivated individuals (esp if you head to college, my professor network was a giant catalyst).  

We have some but not a lot in cash reserves but would like to keep each house on an individual self sustaining account.

I currently am unemployed, my age is 18 and in college completing classes that will further my chances into becoming a successful individual in the real estate market.

The documents required and how it should be presented depends on the individual lender's guidelines.  

If you want that much work for $50K you should post your jobs individually on Craigslist and roll the dice in the gray market.  

The WordPress SEO plugin by Yoast is great when writing individual posts as it gives you an analysis of your post based on a bunch of different SEO factors.One resource we've been using a lot with our clients is http://backlinko.com His "Skyscraper Technique" is great, and we are using it right now ourselves.

There are a number of qualifications we look for in an applicant such as: Leadership or Managerial ExperienceHospitality/Food/Retail ExperienceInvolvement in the local communityCustomer Service ExperienceFinancial StabilityPassion for the brandProven track record of successBusiness SavvyTwo Partners**Please note Tim Hortons franchises only to individuals who will be hands-on operators, not to corporations or passive investors.

So, though I “missed” out on the gains in real estate, I was able to capture quite a bit in index funds (I dabbled in individual stocks as well, but that is a story for another site).From there, I moved on to Dayton, Ohio to pursue and Master's degree on the military's dime. 

The podcasts, blogs and forum are great sources of information.Another less "know" source is individuals personal website located in their signature.

In this area it's extremely rare to find a condo without an HOA's, unless the complex is wholly owned by one individual/company.