I guess i would like to have clear goals on what to aim for when i save money and understand who i can reach out for such things.

I'm not sure if you plan to rent out the entire house or do a rent-by-the-room but you should charge as much money as you can so that you can keep the extra cash. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

That'll save you a pile of money and hassle.

What you're seeing is a lesson I didn't learn until after I'd lost a lot of money: It's really, really hard to find properties that cash flow well.

Build with my proven formula or hold onto my money and wait?

conventional loan with 20% from private money lender How did you add value to the deal?

You can always back out of your contract at the cost of losing your earnest money deposit. 2.

Would people be less likely to hire me because they're not making enough money, or MORE likely because they need help?

I don’t have much for savings so one of my main questions is should I pay off my card and some of my car with the money or put it on the 3.5% down payment?