If you don't have access to cash, make sure that offer is so low, they won't accept it and it will make the terms offer more desirable.

Now, they are zoned to particular schools, and Rider HS is the more desirable school. 

For instance, In-N-Out Burger bought a small piece of land less than one acre in Yucca Valley, California for $900,000 and they could go to their lender and get an appraisal, apply for a credit facility listing the Yucca Valley land as collateral but that is because the area is desirable and considered a boomtown.

Asset class matters a ton and my fear is that 80K and desire for more cash flow will result in buying a risky asset class, which can go south in a hurry.

@Daniel HanAs many people here pointed out, it all depends on 1) your experience and 2) your desire/bandwidth so that you could determine whether you will be active or passive RE investor. 

A+ school district makes this area very desirable area of Huntsville so it rents quickly.I found this by contacting agents on Loopnet.

A+ school district makes this area very desirable area of Huntsville so it rents quickly.Found agents on Loopnet.

If we did not have low interest rate we would have experienced a bubble in most desirable part (RE) of west coast.

So look at revenues annually.You will typically find properties that meet my 15% Rule in the most desirable STR parts of the US, such as Tennessee, Florida, Arizona, Colorado, Utah, California, and Hawaii.

I gained a new comprehension of equity on these very forums the other day and all the sudden the evil spectre of a mortgage wilted away into something more benign, even desirable as a tool to improve my situation.