I think that you'd be wise to engage in a fundamental shift in thinking about CapEx--at least with your first rental. 

You explain the basic fundamentals and benefits of investing in net lease real estate well.

you know what, I've thought about this a little more today, and I think I see where the problem is with this deal.It's in the fundamentals.

Banks are still holding a significant # of homes that they do not want to flood the market with.Bottom line is that little has been done to address the fundamental problems in our economy as a whole.

If you stick around, continue to learn the fundamentals and come up with a solid plan, you will be lightyears ahead of your peers (you are already ahead of them just by beginning to think about your financial future).

-How well do you know basic business fundamentals?

There are many ways to be successful investing in real estate, but each requires a fundamental knowledge of your market and a sound strategy.

I would recommend to learn the fundamentals so you know the "why" of a good deal and be able to eval each one without this, but its a great shortcut.Definitely make sure to check out the podcast...53 episodes and counting...it's a wealth of information.Best of luck Greg!

I recommend you start with the Real Estate Guides here: http://www.biggerpockets.com/rei/ Also, I would recommend (not just to you, but anyone new to REI) reading the text that brokers use in your state when preparing for real estate exams, so you can understand "quite [SIC] claim deeds" and other real estate fundamentals.

I love the BRRR model and will continue to keep that rolling in southern nh as long as the fundamentals remain sound.