I just did the STR boot camp here on BP so I plan on looking into my property in Port Charlotte that I bought and turning it into a STR or converting the garage (separate building) into its own LTR and leaving that property alone as LTR.

Give them something smaller to start and see if they'll prove themselves.Angies list I personally think is a joke, they charge a good chunk of change which limits who's on there and as we all know the more you spend the more you charge.Craigslist is hit or miss, I'll answer an ad or two when I'm on looking for other stuff to buy but don't really look for work on there.  

My wife and I are finally near being a position where we will have the capital to comfortably start.I plan on looking for homes well below market value that I can easily clean up, fix up and either sell or rent, depending on what the market value might be after I'm done with basic fix ups.

We kept on looking (2,3 and 4 families) and ended up with a 7 family.

I plan on looking into property management in about 6 months.

Based on looking at current market rates for individual rooms and complete houses for rent, I am thinking that I may be able to lower my housing cost this way.Potential upside:By paying myself rent, I could net 300-400 dollars per month when there are no vacancies.

Congrats on looking for your 1st investment property. 

The podcasts are awesome for experienced and newbie alike.There are many ways to do this business but I would spend some time and planning on looking at what type of project you want to take on.As far as CPA's, GC's, RE attorneys, title companies, property management, etc.

I will keep on looking for a better deal.

(never start with your highest and best offer).Or tell the wholesailer/ seller you would be willing to take over payments if THEY get all the back payments re structured with the bank.Make these two quick offers, then move on. Look