What was your first step after getting the knowledge and fundamentals down?

I've studied a lot of fundamentals and basic property analysis using a cool $24 course i found using google (it was very dry, but it amazing for a begginer like me), I read "tax free wealth", a guide to va home loans, a couple other kiosaki books, and I'm about to start the abc's of real estate investing.

But don't let the ROI cloud your fundamentals.

I'm excited to be in a local market when it appears that prices aren't crazily high and, judging by the new place I've rented the rental prices are quite high compared to the buying price (when comparing to London or Australia of course) so there should be some decent yields out there.I'm new to property in general also so have been blitzing through some podcasts and books and hope to have better knowledge by the time my credit rating has a chance to build over a year or so.In addition to the above education it would great to get some Houston specific information so if anyone can share some good links for reading up, any charts/graphs of historic house prices, area guide links, work out if prices/yields here are currently perceived to be high/low or anything in general you feel would be a help.Differences for me coming from the UK would be that public transport links are very important when deciding where to invest, where as here it doesn't seem to have much relevance as everyone drives but I imagine other fundamentals like Jobs, schools, shops, non-flood areas are still as important.

Also, decreasing your spending rate is much more powerful than increasing income, which is something that I didn't fundamentally understand until reading the article.

Just because the long term fundamentals are there, however, does not mean that short term prices are justified.

As long as the fundamentals are there, you can make money in almost any geographic area.

If you like a stock at $40 a share, you'll love it at $30 a share (if you believe the company is still fundamentally sound) and will want to buy more shares if you have the cash on hand to do so.Real estate investing is the same way.

I've been resisting the urge to create my own spreadsheet but I'm wondering if it's worthwhile doing and providing it to a larger group. is the BP calculator flawed in a fundamental way that would sink a deal?

This is in addition to the fundamental right to privacy for the members of a transaction.