One thing I love about real estate investing is the variety of strategies and abundance of opportunities provided by the industry.

I really buy into the "Abundance Mentality" that I've witnessed here at Bigger Pockets and on some of the podcasts I've listened too.

I was driving past a house today in area where foreclosures are abundant.

Hey Stacey Myers,Welcome to BP.I split my time between Cumberland County (where I live and have a few properties) and NE Ohio where I do most of my REI and will return to in a few months.Lots of very experienced folks on here with an abundance of good advice.

The resources of BP are abundant, and the community is great!

As you can imagine time is not something I have in abundance, but I am determined to reach my goals.

Diversity, quality of life, long term job growth as a result of abundant cheap energy, and investment in infrastructure.

Now that list source is over and abundantly used.

I am inclined to choose this option.My business plan is to wholesale the first few deals to get money in my account, then to buy, rehab, and sell (flip); holding every 4th or 5th deal for rentals for the passive income.I am seeing talk about operational agreements; since it is my Mom and me starting out, and I will be making the decisions (with abundant input from Mom), do I need such a document right away (I looked at LegalZoom.com, and IF I were to use them to set up my LLC, one of the documents I would get is an operational agreement)?

In areas where there is abundant cheap labor, that helps keep building costs down. 3. materials costs, can vary depending on the region of the country you are in and the availability of the product. 4.