That was certainly an initial concern for the area as most units are almost half the price, however, they are in need of much repair.

I would say, pay the tuition, and next time verify that insurance has said they would pay the claim, instead of it being in processing.

Glowing report from current landlord, all income verified, no criminality, bad credit but mostly because there isn't enough history.TransUnion's only real flag (besides the credit) is that SSN may be invalid, and I'm not sure how to take it.

Because of the repairs, they decided to perform the inspection again to verify everything completed.  

Then i was like checking my Zillow views, showing requests updates from my realtor.After 2 weeks we got an application, and with initial review we didn't accepted because of income criteria and no.of people.Then no application for 4 weeks, even though showings were happening.Then my 1st Mortgage payment is coming up, i was getting confused if i made any wrong decision with Rental property investment, and then i started researching on my own, decreased it by another $50, which became 2nd lowest in that area, and mine was better home than the lowest, boom 2nd day after lowered, we got an application on Friday, and i dint accepted right away as it was not 100% to my expectations, and i want to wait through weekend to see if i get any more. 

Asking the right questions when talking to them initially will also help weed some out.

Choose one company idea initially (real estate investment, property management, or construction).  2) Have the support. 

Baltimore investors:I recently stumbled on this initiative and found it to be very interesting.

Like I said, this would be my first REI and I really don't want to make a big mistake on a deal, but based on the numbers I've come up with, this property would cash flow about $500 initially while the loans are being paid back, but should generate in the area of $1800 once the loans have been repaid.At this point, I would be willing to take on any positive income, but I'm sure there are factors that play into this that I know nothing about.

Here are the numbers for the property:OverviewMonthly Income: $900.00Monthly Expenses: $961.09Monthly Cash Flow: -$61.09Pro Forma Cap Rate: 3.54% NOI: $2,016.00Total Cash Needed: $16,225.00Cash on Cash ROI: -4.52% Purchase Cap Rate: 3.54%Property Information Purchase Price: $56,900.00 Purchase Closing Costs: $2,000.00 Estimated Repair Costs: $0.00 Total Cost of Project: $58,900.00 After Repair Value $56,900.00Down Payment: $14,225.00 Loan Amount: $42,675.00 Loan Points: $0.00 Loan Fees: $0.00 Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $229.09ExpensesVacancy $54.00 (6%) Repairs $90.00 (10%) CapEx $198.00 (22%) Insurance $100.00 (11%) Management $90.00 (10%) P&I $229.09 (25%) Property Taxes $200.00 (22%) Total $961.09 (107%)Financial Projections Total Initial Equity: $14,225.00 Gross Rent Multiplier: 5.27 Income-Expense Ratio (2% Rule): 1.53% 50% Rule Cash Flow Estimates Total Monthly Income: $900.00 x50% for Expenses: $450.00 Monthly Payment/Interest Payment: $229.09 Total Monthly Cashflow using 50% Rule: $220.91