Basically, the best deals come out of situations where human suffering is at maximum and someone is in a desperate haze to get out of some terrible situation, which makes them unable to take advantage of the regular market.

The basic premise is you can get a mortgage for less rent.

If you work it right, you basically get to live for free while the tenants pay your mortgage.

I am basically at the very beginning of my journey as I have recently just started establishing credit.

The other issue is that they don't allow any changes to the purchase contract...it's their way of the highway so you basically have no rights in the transaction.  

Basically it is for a home that the (adult) children of the owner are looking to have major updates made to it prior to listing it. 

That all being said, I have considered just getting a commercial loan to basically buy the properties from myself and my wife and rolling them into one loan.

However, I'm still struggling with the concept of using hard money for rental properties you wan to keep for the long term.

On this same concept, I don't typically buy single family rentals unless my gross rent is less than 1.5% of the purchase & rehab amount. 

I would like understand this concept correctly.If I purchase Property A-Duplex for 70K and it is worth 100K and I put 10K down, I will then have 40K in equity in the property upon purchase.