You have much more drive then I did when I was 16, good luck to you!

I like your eagerness and drive.

@Luis LagoIn a city like Miami i would recommenced Drive for Dollar to get started.

The lack of knowledge is definitely there for me, but I'm amazed at how much can be learned each day with the presence of interest and drive.

Generally you'd see $5k-6k given your choice of a low DP loan, so that would drive down the CoC. 

Walk/drive around the area and ask myself do i see a future here?

Given the incredible range of outcomes from 3 months of turbulence, demand is not the driving factor. 

I really have two questions for the community:  do you think now is a good time to buy or am I better off waiting for additional econimic fallout to drive pricing downward? 

You can get more accurate on this number by speaking with your lender, but 3% is fine for now.Yes, there is no substitute for driving/walking a neighborhood, but you can definitely do some things to scout it out in advance.

When I am ready to, I plan on driving for dollars and using yellow letters sent to absentee owners.