Depending on the investment and your current knowledge, this can take from 2 to 20 hours of research.2, Spend $400 - $600 for 2 hours consultation with an attorney who specializes in real estate IN THE STATE that the underlying property is located in.3.

If you are literally just starting then spend some time researching the pros and cons of each, but don’t overthink it.

(Looking to spend 130 or less)Just looking for advice, this would be my first property and I'd like to get cash flow while being in a non crime filled area, and being able to count on at least some future appreciation. 

MTR is less spend on furniture, less guests, and at that price point for a buy, will likely make more money and have less upkeep and management.

My guess is that most have not learned and will spend the money over paying down debt.  

Hey BiggerPockets Family,I’m thrilled to finally be joining this amazing community after spending some time exploring the forums and listening to the podcasts.

I am currently working on a website so that the real motivated sellers contact me, so i dont have to spend as much time contacting property owners who aren't motivated at all. 

Perhaps you should take a small step back and spend a few months saving a little more for your reserves before attempting to buy the next one.

I have a dozen properties and I don’t spend an hour a month on bookkeeping (maybe 30 minutes). 

After spending several months diving into the ins and outs of the industry, I’ve decided it’s time to take the plunge and start my journey.My plan?