You could only buy one house for $400,000 in Cody, Wyoming.NOTE: please do not spend every dime you have to purchase property!

I wouldn’t spend a lot on courses or mentors starting out.

This all depends on your income, your spending, and your dependents.

If more investors spend a fraction of the time and energy spent worrying about asset protection and do the things on a daily basis that prevents liability exposure, plaintiffs attorneys won’t eat as well. 

If you bought a house for $100k and replaced a 20 year old heating boiler spending $10k, how much would that increase the properties value if you immediately tried to resell it?

Assuming you spend more than 750 hours managing your properties, you would have Real estate prof. status.   

It wouldn't make sense to choose a city where you'd spend significant time and money battling regulations just to conduct normal business operations.

- How much would you suggest spending on a property(s) in my situation?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

At the same time that made me want to put a ton of work in even more, because I would feel so stupid to have squandered such a rare opportunity.