Those old homes are such a wild card! 

@Amir PortalRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.

I am five months in quieting a title on a home/property that was initially obtained by my father in a tax sale.

They are trying to purchase a home which was going through probate.

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

Something like practicing math homework at home, but with a focus on real estate instead.My pleasure, man.

Both these 2 are not easy to do, and typically take expertise, experience and or capital.  

New-home sales hit a seasonally adjusted annual rate of 698,000.

Quote from @John Clark: Did you check for houses on the auction list,  or you can check with banks and look for REOs and convert that into a single family home and house hack or turn it into a Airbnb.