However, I am looking for real estate investing to change that timeline.I look forward to interacting with the members here on Bigger Pockets, as I look to grow my knowledge base and network.

Victor Menasce sheds light on the 5 key elements to raising $$$$ & in my experience raising capital he's spot on!!!

Those that wanted to see what they can get out of the interaction, and only 1 that wanted to see how they can bring value, with hopes that they can learn something along the way. 

Large parking lots are the biggest other expense they would ultimately need to cover.I want to check on a few elements of this property. 1.

My goal here is to create a golden thread that a beginner can follow to get to a solid rental investment that puts cashflow in the pocket and with an added element of a little fixing up, the potential to complete cash out and do again with the same money every six months.

I don’t mind interaction with tenants or dealing with fixes.

However, only the physical elements of a property are subject to depreciation.

I find the interaction with my fellow Realtors to be invaluable.

@Joe Morelli you have some elements here correct but lets review the numbers a little:The FHA 203k loan will lend 96.5% (or 3.5% down) of the purchase price + renovations.So if you buy for $130,000 and your renovation is $50,000, then your total price is $180,000. 

I’ll keep that in mind for any future interactions in situations like this particular one.