@Albert Johnson We evict one or two people a year in Arizona for various reasons, the most common being non-payment.

I am exploring the possibility of not only fixing things but doing a renovation to bring an old half bath into a fully functional bath, renovate the entrance and foyer among other things and possibly even an addition to the house.

The old 'heads-in-beds' concept does not always make financial sense.

He was a flipper with a TV show ten years later.The best way to build a business: determine what the needs of the community are, then find a way to meet those needs.

Way less fees, you could stretch it over 6-8 years, etc. 

I am 16 years old and started reading financial books (Rich Dad, Poor Dad, Cashflow Quadrant, etc.) at 15.

More than likely its a 3 year or 5 year prepayment penalty - So you cannot sell it or refinance for 3-5 years. 

He has been investing there for years, and he also wholesales properties in and around Utica, to include Syracuse.

While we have not yet secured our first property, we have spent the last year+ educating ourselves, networking, driving for dollars, and substantially reducing our debt load.  

Spent all last year in Playa Del Carmen, and met a few investors there.