Investing in real estate would be a lot better experience if people educated themselves on how to properly manage from the very beginning.

- Given your experience level, without an inspection, I'd turn around and walk away.

@Ambica Pilli Couple of questions, from 10 units to what's your realistic max?

Has anyone experience to share how the get started in a market in a different state?

A deal killer has the experience that you don't.

Do any BP members have experience buying land from GovernmentAuction.com? 

So I would caution everyone to make sure the replacement cost for your improvements will realistically cover your actual replacement cost in the event of a total loss.

Just thought I'd check here too to see if anyone had any direct experience with them. 

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

Realistically, one checking account and an accounting system will meet all your needs and keep your business better organized than 7+ bank accounts.If you want to collect bank interest from excess cash, add a savings account.