If you have a strong game plan in place that can guarantee income and justify quitting then go for it bu I think a lot of people leave their jobs to soon. 

You should also check out some local real estate investor groups such as Black Diamond REI in MA and the RI Real Estate Investor Group in RI.If you have some specific questions feel free to post them, you'll probably get several answers in short order :)

Keep digging and I'm sure you will ramp up your game.

The issues: I am new to the game and worry.

it does not sound like a deal that make sense, unless the seller are willing to short sale and still bank has the say on bottom line number.

So, the summer market season has already come off it's peak.Below is a overview of single family homes on the MLS in the $150K - $210K range in the north Austin/ Round Rock/ Pflugerville area:Duplexes in these areas at the $150K - $210K range will be much harder to come by and will likely require some extensive rehab.I'll be in touch shortly.

The seller managed to purchase at a time where prices were still depressed and purchased through a short sale allowing a steep discount.

In short, just having your site up will not instantly flood you with deals.

Account ClosedI would just add the repair cost and cap rate to your numbers there.Do you have any REOs/short sales and such in the area?

Wanted to see where everyone gets most of their education on creative financing, mortgages, contracts, notes, you know learning the rules of the financing game--not really anything that has to do with financing/leveraging a home.