Your time here will be well spent.Since you didn't mention a specific area of REI interest in your profile either, I have added the links below for your review and selection of one or all of the three most popular niches.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Are you wanting the name recognition of communities, like 'Auburn Hills' or all the many developments around the area, or a suburb where you want to be active in, after work and in the school system, or where you and your family can relax, go for a walk, have some friends over - but be close enough to base and such to do activities there?

If the basement walls are cinder block then a 1/2" -3/4" hole should be drilled into each block cavity so if water infiltrates the outside of the block into the brick at any level it will flow down into the tile and not go through the wall and cause problems.

If you purchase / rehab with cash, you can use delayed financing within 6 months @70-75% of acquisition cost (not included rehab cost).In other words, if I want to do a short term BRRR, let's say $50k cash acquisition, $20k cash rehab with an ARV of $90k, I can either pull out $37.5K (75% of $50k) @ 6 months (delayed financing) or $67.5k (75% of $90k) after a year.With this model, I'm either forced to leave $32.5k of my original cash in the property or all $70k for the first year.

Thanks everyone for your replies.Zach you mentioned listen to the podcast, are you referring to one specific one, or all of them?

Probabaly the easier way to lose most, or all, of your money if you don't know the laws and what you're doing.

It is just an opinion, I do not know your laws or all the circumstances.

It's basic addition/subtraction, with the exception of how to amortize a loan to find the loan amount, but you can look that up online.For reading I'd suggest some or all of the following:-Rich Dad Poor Dad (Not really a -Cash Flow Forever-The Millionaire Real Estate Investor-The 4 hour work week

If he left the property clean and in good condition, I'd just return most (or all) his deposit and happily move on. 

Depending on the cost of your property compared to your net income, some or all of this tax liability can be DEFERRED (note, this is not eliminated) by depreciation.