Yes, servicing is a cost of business and effects the ROI, the discounts I usually work at, $15.00 won't break my return.......it's all relevant.But, if you collect on a small note, I suggest you let an attorney tackle notices of default or hints to modifications......if all goes well you should have no issue.While you can hold a note long term, I'd rather see them pay it off as quickly as possible which increases your ROI and gets you ready for the next deal with money in hand.

I'm going to check out the toolkit and tackle some of the other free resources. 

That's good that you can tackle some of the construction but be wise about what you take on and consider hiring others.

Too big of a project for me, maybe later down the road I can tackle something like this but it wasn't in the cards. 

Maybe this is a subject the REIA's could tackle?

I have made drastic progress and I know it will be paid off within the next 6 months, I am just discouraged probably because I didn't tackle all of this earlier and I think every time I pay something off, and I research the next item on the list, the amount is more or it takes longer and that gets me discouraged.  

It is overwhelming to think about what strategy to tackle but that's exactly why I am in this site. 

I hope that my participation (mostly lurking for now) on this forum will help me build that network in California and my knowledge base as I accumulate a nest egg through my day job.As far as tackling the high prices in my area, I have a great interest in starting with a single family home in Stockton (about 1.5 hours away), and moving onto multi-families once I get that first property under my belt.

Sure.It sounds generic but we've tackled about every kind of project one can in the 6yrs we've been in business.

Wouldn't the acquisition fee be during when one "closes the deal".My number one reason for tackling apartments is for the education/process and to make my investors money.