Thanks for reading and I hope I'll make some sort of contribution to the forums someday.

The contributing elements do not exist today, that were prevalent '07-'08.

I'd like to think those people who are more successful and experienced would rather help someone who's trying to get to that next level.That being said, I'd like to just move forward, and if anyone has something helpful to contribute, I look forward to hearing from you!

I've always had a love for real estate but never really could find a way to get into it without getting past the notion that "it takes money to make money".

- Don't know rates in CA but $225 for a 18 cu ft top mount fridge, no cold water or ice maker, less ~5 years old with a 60 day warranty in Cleveland is not badAre you going to be keeping the fridge and they are contributing to upgrade what they get or are they keeping the fridge if they move out and you are contributing from the goodness of your heart?

I'm starting to have companies give me estimates for replacing my two rental units HVAC systems and after a little research have come across the notion that the installation has a lot to do with the long term quality of the AC and furnace. 

I would say that many of my partners are the most creative, go-getter type, intelligent and most contribution minded people that I have ever met in my life.But for every one partnership that has worked out amazing, there have been about 4 that did not work.

I look forward to interacting with everyone and learning and contributing as I can.  

You can read about my lessons learned on the other ones here:https://www.biggerpockets.com/forums/223/topics/217842-closed-on-250-apartments-in-houston-texas-yesterday-2-lessons-learnedhttps://www.biggerpockets.com/forums/223/topics/294621-closed-on-155-units-in-houston-yesterday-3-lessons-learnedhttps://www.biggerpockets.com/forums/223/topics/316836-closed-on-320-unit-last-week-6-ways-to-break-into-the-bizThis analysis looked at the investors who invested, in particular, looking at if they are new or returning AND how much each (new vs. returning) contributed to the total raise.Here’s the finding on this deal: 69% are new investors31% are returning investorsThe interesting thing I found is that the % capital contributed to total raise was almost split 50/50.

We purchased a 3 bed 1.5 bath home, 1500 square feet on half an acre:Purchase price: 66K; 20% down paymentRent: 850.00PITI: 390.00Vacancy: 10%PM: 8%Repairs: 10%Cap Ex: we have a separate account set aside for this that we fund ourselves and contribute to monthly.Rehab costs: 3K (paint, flooring, cleaning)Monthly cash flow: 222.00Cash on Cash return: 16%I'm happy to have our first deal done.