Getting your license and hanging it with a broker is one thing.

If you hang on, what's your monthly loss?

You don't want someone hanging around the house 24/7 (that means more utilities too).- Verify rental references.

Once I get the hang of it I will start looking for larger deals, but I thought this would be a good place to start and not as punishing when learning from my mistakes.

Honestly, the best way to get familiar with the lingo is by hanging out here in the forums, asking questions, and learning as you interact.

Having an extra bathroom in the basement is a positive, especially if the tenants can hang out down there in the summer.For rents, definitely check out Craigslist, not just what other landlords are offering, but also what people are searching for under the "housing wanted" section.As far as an exit strategy for single-family homes, you have several possibilities:1) Rent to own from a tenant2) Sell on land contract to a tenant or investor3) Sell to an investor4) Sell retail

You'll be amazed at how quickly you'll grow as you hang out here on the forums.

Especially fan blades and light fixtures that hang from the ceiling :) And probably smoke detectors that are on the ceiling too.You don't ever know what sort of malice or mischief a previous tenant may have been up to, so it's your job to make sure there is nothing that's going to fall on a tenant's head!

I've never really thought of my perfect weekend but at the least I want to go out for the nightlife, spend a small amount of time in the gym, hanging out with friends.

Create company with systems and good people in place so the company will run without me, 5 crews each rehabbing 9 houses a year, being led by crew leaders i enjoy hanging out with.