When I got tenants in, I aggressively built up a $15,000 reserve before I gave myself any breathing room.Nowadays, I make sure that I have $15,000 + $10,000 per property stocked away in a high yield savings account.

One of the BP books I ordered that I am interested in is Raising Private Capital, which is essentially a how-to guide for almost anyone in any financial position and how they can continually build their portfolio by working with others and their money.

Also, look up the new areas the federal government is investing in. I

Good luck proving the condition of the unit when they moved in. I

I agree with @Courtney Jones, make a visit and drive the areas you are thinking of buying in. I

Understanding the market that you want to invest in is crucial to understanding what an actual deal looks like.

She is still in " I want to pay off the Mortgage and make money "  :-)House doesnt seem to need anything - pretty good condition , new roof , recent systems .I will offer 210k and see ...

You will want to talk to a CPA (maybe someone here will chime in.)   I

The current area I'm in is rather expensive.

Hi @Pearly Tan I've been working in Hoboken for about 15 years and its' a very tricky town to do business in. I