Find out how much money is owed on the house (liens and encumbrances) and what the monthly nut is.

I will check out Tacoma though as well, I'm a fish out of water in that town.

I just closed a $373,000 deal and thought I was the big fish…haWhat is the unit make-up and CAP rate after repairs and 15% held for vacancy?

I guess the question in a nut shell is: Is monthly cash flow the name of the game?

I don't want to be thrown down a 20' hole while some nut tells me to put lotion on my skin if you know what I mean....

If you were working for 9 bucks an hour before and surviving that income is more easier to replace for reserves than making 80k or 100k yearly etc. and making the change.You have to write down all lifestyle expenses and know what the monthly nut is to break even and be comfortable but not rich or having to take on debt when you start out.

Birds and fish don't have the same footprint as cats and dogs obviously, and large dogs are really the worst offenders.The question regarding the pet biting I am not sure of, but I doubt you could hold any liability in that.

Your 're just another fish in those ponds though unless you can get the properties before seasoned investors get them.

Are you going to share the fish?

It was an eye opening crash course to say the least.Why I'm Here --- Being a "small fish" in Indy seems a lot less "it's just me" reading through advice here on BP by all of you.