Spend the money, do it right: seamless L grade (NOT M) copper pipe.

I am seeing a ton of investors spending money on education to get into bigger deals at an accelerated rate only to retreat back to buying the properties  that were of appropriate size and undertaking.

They will happily spend a few hours showing a home for $100 an hour or whatever you are willing to pay.

I would recommend you make sure the company you guys choose for PM track all the maintenance costs that you guys spend money on 

Option 1a COULD be ok, but only if you can spend that $20k and add more than $20k in equity prior to sale which is no certainty when you're starting with a rent ready property.

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

Hello BiggerPockets,After reading numerous books from the BiggerPockets library and spending more time on Loopnet than I would like to admit, it is time for me to put some of this knowledge into action. 

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?

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. 

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