The months when there are big problems that involve 10+ hours of work and eats up 3 months of cash flow so you lost $1,000 over the PITI payment while working a lot it will seem to really suck!

We see the biggest downside on the property is the fairly large amount of cash it would eat up...would need about $60k down.

It is because her water lines are failing and eating up 28% of her expenses.I just met with the city and the park is non-conforming, no additional homes can be brought in unless significant changes are made to the park.I also found out today, a large private school is looking to build on the 50 acre lot right behind the park.

If you are eating beans everyday and have nothing to spare, get a position or work that pays better first, RE is not an immediate income producing activity that can be entered into without a dime in your pocket.

When born we can't even eat and we have to be spanked just to get us to cry;-)My point - It's all learned skills.10% read, listen and question here. 90% hit the streets!

This should eat up a good portion of your "profits" then you would pay your self a small ( very small) salary, with the rest being paid as distribution payments.

Sellers can't have the cake and eat it to although I see them try day in and day out.

Most of the properties here you can get for a good price but the repair value is what can eat you alive.

Find doctors list and invite them to a restaraunt, eat and greet.RRSP - the CA equivalent of an IRA - this looks good - http://www.amazon.com/gp/offer-listing/0471642444/ref=dp_olp_used?

This one will be a buy and hold in Memphis, TN.Numbers look like this:Purchase price $122kConventional 20% down and financing 80%MAIN HOME: 4 Bedrooms, 3 Full Baths, Living Rm, Dining Rm, Hardwood Floors (Currently rented for $ 1,300 per month - Current tenant for nearly 2 years)Updated Electrical WiringNew Heat and Air ConditioningNew Exterior Paint New Interior Paint Refinished Hardwood Floors Remodeled Master Bathroom (12" Tile)New flooring in kitchen and diningNew Light Fixtures throughoutNew Doorknobs throughoutNew Blinds throughout Large Updated KitchenAPARTMENT 1: 2 Bedrooms, 1 Bath, Full Eat-in Kitchen, Large Living Room (Currently Rented at discount for $ 725 per month to same tenant in 1 Bed Apt (Typically rents $ 785/ mo).