@Vic French, I feel like everyone agreeing with you lacks reading comprehension.Your tenant is not operating a childcare business, she has her own job which is what necessitates the childcare.

I plan to start with wholesaling as I lack experience and read that it's a good way to get started. 

The puppy will have destroyed your carpet by then through lack of house training at that age.

I'd love to jump into real estate now but with my lack of funds it just doesn't seems feasible Is anyone in a similar situation?

Also apple-cinnamon air freshener.I don't do furniture.

This is clearly because you lack a basic understanding of some of the principles involved, so I will try to go into more basics. 

As I will be new on the market (even tho I have read and search for most of the things which impact the investment decision) I do lack the experience on the US market.

You can build a cash flow portfolio out of state very fast and easily, but the appreciation may not be there for a long time, in fact, real estate values are more sensitive to economic changes in many out of state cities, and you may find yourself with negative equity and lack of liquidity for over a decade, specially if you already purchased for top dollar.Regardless of where you buy, you want to buy at the lowest possible price, but that is not always easy.

Some few bad apples just ruin the whole bunch..I know this is your first deal, but you should not be discouraged...its kind of good it happened now rather than later so that you learn a few lessons early in your investment career.

Sounds like you need to get set up on some electronic payment plans for you tenants sake as well as your own...But i do get what your saying. personal accountability for your check book is lacking in our culture.