During that time I plan on saving as much as possible for a down payment on a new home to move into in the same area of the city, and turn my current home into a rental as well, gaining that one organically into my portfolio.

I've been doing it for six years and never missed a payment, but I"m super organized and careful for the reasons you identify.

Secondly, a good RE investor would be a great client for a good contractor and although they offer lower priceing, the contractor knows they dont have to worry about some picky lady taking 10 years to decide what color, what type of stone, etc, etc, etc.Also, contractors can stay busy with a good RE investor.

What type of foundation walls (block,stone, poured concrete)?

If you want money people, you are networking in the wrong places with RE types, they know the game, what you need are private investors that you can inform, so long as you have the necessay knowledge.Civic organizations, the Red Cross, Literacy Council, Hospital Volunteers, Friends of the Library, Church groups, etc. are things the retirees get involved with doing community service.

It also does tenant ledgers, generates 3-day notices, organizes the process of checking prospective tenants and moving them in, and tracks maintenance.

:We clearly outline in our house rules that we expect Tenants to notify us of anything that breaks or is not working correctly - via e-mail if it is not urgent, or to call if it is urgent.Roy after reading your post I am thinking you must be very organized.

Too bad about the no advertising rule though but I imagine once you do your 1st successful deal, the word of mouth kicks in and it can build organically and nicely that way (I'm hoping) - has that been your experience?

Just organize your excel sheet to match the instructions. http://www.zoho.com/creator/help/views/import-and-export-data.html ^ may be helpful. @ [REMOVED] , good site with some notes:-needs faster load times.

My question is, are listing prices on REO set in stone as the minimum offer the bank would accept?