., but 30 years is a long time...however you have to be prepared for the possibility that the rents could go down and not cover the mortgage (not too likely in my opinion) or the vacancy factor could go up and you again may not be able to cover the mortgage.Lastly if we have another crash in values and it goes down under what you owe then your $35k equity could disappear.These scenarios could cause you to  end up giving it back to the bank and ruin you credit thru no fault of your own.

The key will be if the sellers will cover their commission.A local bank will only look at this property.

The workshops cover various subjects from financing, wholesaling,, estimating repairs etc. http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

We'll sell the property w/ a home owners warranty that covers the mechanicals. 

You might get to live there and rent out the other 3 covering most of your mortgage so that is one aspect of it to consider just over a straight investment.I would be looking at a historical perspective over the last 10 years with rent growth and value of the property.

The backyard is covered with trash and debri.

Most of them cover flipping a house, buying a rental house, house hacking.

Then I would cover living room with new area rug, leaving tag on, put a great new doormat in outside and inside, add a runner in the main hall and a matching in one in the kitchen...give them some Casters for under furniture in bedrooms...

The slight extra they are allowed to hold is to cover annual tax and insurance increases that they can't effectively predict and budget until that year's payments go out which is too late to collect them. 

Their marketing is fantastic and the last time I went to a 3 day event I took more notes on their marketing strategies.) ... the day continues... topics covered include how much money you will need to retire, how the financial collapse happened, personal stories including why they are in real estate, how they got in and why they are there to teach you, basic financing information ending usually with credit go home, call your credit card companies and get your limits increased!