I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck  I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?

@Kwanza Price tips for managing contractors:1.

I’m a local real estate broker with Keller Williams, and I love helping investors find great opportunities in the area.

For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.

Again, I’m so glad I found RTR and I will definitely be getting more rental properties with them.

It is the interest rates at which banks lend to each other and is short for Secured Overnight Financing Rate. 

I renamed it to whacka-con-artist.It’s still a LOT better than it was when I started on BP in 2009 and every other post started…….I have a MANDATE in which I’m third from the broker of record for a loan pool worth $500 Trillion and I want 2 points for myself in compensation for posting this ….. 

@Justin Brickman This is a great idea and I am trying to do this in San Antonio as well actually.

A few blocks closer to PC the rents are higher and I am sort of on the cusp of the end of the college rental area to the beginning of a different neighborhood.

Waterproof flooring sounds like a smart investment, and I agree that matching countertops to the neighborhood is key.