Real Estate Virgins from Panama City, FL

[Jessica Price]

My husband and I have recently began researching and planning for our first real estate investment after many thoughts and theoretical discussions have taken place. I have done pretty extensive research in what type of property to search for and already have a list of most-least potential properties in our area. I calculated these by taking into account the (estimated) monthly expenses and income. As expected, the riskiest properties have the most income potential...that scares me! 

As of right now we are interested in getting a feel for this business by only investing in one property. We are a military family and are aware that we will need to make a decision on said property in about two years. The decision would be made at that time dependent upon the benefits we are receiving from the property as well as feasibility to continue to manage it ourselves. We are not interested in hiring a third party management company.

We are also interested in building a network with other investors, contractors, real estate agents, etc. so we have a toolkit full of knowledge and experience with the help of others. Any advice is welcome, and I hope to get to know a few of you as we embark on this adventure!