If you are accepting dividends in exchange for asset devaluation, you better have a good healthy bank account. 

I located a city in the mid-west which has a diverse economy, a big university and a healthy population.

Just know that there's nothing worse than showing a ton of properties to someone who doesn't have any skin in the game and so they never write an offer, or they don't do their analysis properly so they never write an acceptable offer.

The $20,000 back as a credit, now you close with very little down.Third was to find hard money lender's or friends and family money to borrow that down payment.Lenders don't really like either of these things because even though they are only loaning you 80% of the property value, they still want you to have a "skin in the game".

ONLY take 1st lien position3. make sure you don't lend too much (or you will end up like me...and my first PROBABLE loser loan)4. make your buyer have skin in the game.

@Scott Trench 1) I want to reduce eating out because I spend probably $10-$15 a day at eating junk food at work for breakfast and lunch when I could make a weeks worth of healthy food in an hour or two on the weekend and freeze it. 

People automatically assume they will be just as healthy, mobile, positive/adventurous spirit, or even alive, like they were in their 30s.

I am not looking to purchase in highly appreciating markets but ones that provide the steady and healthy cashflow I can depend on.I do this as I work full time and cannot easily build up a team and a presence in the markets I want to participate in to purchase distressed and build in more equity during the deal.

I DO have a healthy salary, excellent credit, a good down payment, and have provided my bank/tax returns for the past few years.

I DO have a healthy salary, excellent credit, a good down payment, and have provided my bank/tax returns for the past few years.