I feel I can sleep easier!

: learn enough that you're semi knowledgable in the field (BP ultimate beginners guide should be sufficient), I would listen to the podcasts whenever you're able to.

If there is sufficient equity, I am willing to help you. 

You have no risk of being foreclosed on.Then you have to decide if the rental income is sufficient, after you've brought the home up to rentable condition.A real estate attorney is good to have, but not necessary.

@Andre ClemonsIf you are making money while helping people and can sleep at night, you are doing the right thing

Only one is operational but has been sufficient as the building was less then 50% occupied.

If credits and cash payments are sufficient for the down payment and the seller has agreed to allow nmore toward the purchase, then those excess amounts are treated as seller concessions so that the loan amount is reduced respectively, so the credits between the seller and buyer can be honered, but not in setting the loan to value.You might say that FHA only needs 3%, I have also seen that Brian has attempted to keep credits around 3% staying away from the equitable interest issue.

Plus, since the capital investment is returned so quickly, and in many instances, you own the property free and clear, you are not sweating bullets and losing sleep.

I have no hot water and one working light in a room we setup for sleeping in.

Also add enough to get through a major repair or two without loosing sleep.