Where this deal gets fun though is I found section 8 has a huge shortage of homes for this area and pays $2400 for a home like this which quickly moves this deal to a several hundred cash flow.

Fun scenario - let's say your tenants are a couple, they have two cars, and are at home.

I'm currently looking for renters, but I'm so flexible that I may use it as a second home when I want to come visit Chicago or with the housing market being the way that it is, I may just sell it.I had so much fun with one and I'm looking forward to my next!   

We’ve had a ton of fun with it and want to FIRE.

@Ryan HuttonHi Ryan,There’s always a hard money lender options that are likely to work with you (I personally prefer a more traditional LOC or cash equity).From a banking stand point - please look into first time home buyer options, as you may be able to purchase your parents home for 3-5% down, so you could keep most or your cash for your first investment.Real estate is fun!

you can make money on them and they will cash flow but some days are not fun. 

(check local state laws)7) Seller finance property with homeowner willing to do so/ Acquire subject 2 mortgage. 8) Have FUN!

The market is incredibly hot and competitive, but it's always fun and engaging here, so I can't complain. 

A quick overview of my background: I have a degree in Neuroscience from Emory University, decided writing grants all day trying to get money to fun my research wasn't for me, so I continued bartending after college and freelancing in the Atlanta film industry.

Consult your tea leaves and have fun in the process!