Quote from @John Murphy: Before spending thousands on a course like Pace Morby's, talk to the actual members.

I would spend a few bucks on nice ads in local magazines and/or do flyers in areas that are higher income. 

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

That is good but there are fewer folks looking to spend over $1000 a night on a place.This all looks like a problem waiting to happen IMHO.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

And how much did you spend in the rehab?

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

A common bit of advice seen on this site is, "Don't spend $20K on a mentoring program when you could spend that money on your first deal and you'll learn much more."

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.