Trying to Expand My Real Estate Knowledge

[Nicholas Tanner]

Hey, so I am brand new and have never even contacted a seller before to purchase a house. I was wondering if there was a specific strategy that best fits people just starting, like me. Is it better to buy a recently foreclosed home or to buy a class C house and fix it up a bit, or even to buy a lot and build a small house on it? Also is there a sort of guide to go by when charging rent? Guides such as charging $1,000/month for a 3 bedroom 2 bathroom, or any general rule of thumb? Thanks for the input guys!