Stipulate the "no roommate" clause in your lease, then wait until it becomes  a problem before worrying about it. 

We offered them a cash offer of $95,000 to close without waiting on financing.

Here are the number for that:List Price: 59,000Market Value: ~$61,000Repairs/make ready: $10,0003 bed/1 bathTaxes: ~$38/monthDown Payment at 20% (no creative financing): 11,980Mortgage at 5.5% interest: $272/monthReplacement reserve: $75/monthCap X: $75/monthUtilities: 0 (paid by tenant)Property management: 9% of rent plus 1 month rent for tenant placementEstimated rent: $950/monthMonthly Income after expenses: $169/monthCash on Cash Return: 9.2%This would fit my investment criteria in terms of what I'm looking for, but as I mentioned above, I don't have the money for a down payment or the repairs right now.

They came in and determined that the piers had to be raised and when they began raising, a crack in the concrete in the middle of the house gave in and the foundation company said that they cannot raise the piers anymore.Upon further investigation, we came to know that the previous contractor never mentioned that the concrete slab didnt have a post tension cable or rebar.

If this is possible, how long did you have to wait to refinance?

@Mitch Messer thank you, and yes I know I need to be at least 18, sorry i didn't mention this earlier, however like you said i am starting to research this now in order to get ahead and develop a good plan for my future.My parents are aware that i have the intention of property investment as soon as i turn 18 to provide a supplementary income originally whilst i'm a student, with hopes to expand and grow as soon as possible

Hi @Jackson Pontsler, All the marketing venues you mentioned above work.

As was mentioned, make sure you comprehensively screen the tenant to see if they seem like they'll be responsible pet owners.

Wait until you read this post first then go to the link: US Cities America is AbandoningFrom the Article, it states: "The 50 cities where the most people are moving away from can primarily be found in the Northeast, Midwest, and West Coast, particularly in states like Illinois, Michigan, Ohio, and New York.

Tips if your seller mentions “cap rate” etc—- they may be too smart lol... and I only make offers subject to me being able to make the offer directly to the seller!