I would say your first year is just for drinking from the fire hose, even if it means taking a larger split and not earning as much commission.

It seems there are plenty of ways to be penny-wise and pound-foolish. 

There are plenty of places that will offer assistance to a tenant who has fallen on tough times. 

Leave the owners alone, when and if they are ready to sell, they will, and there will be plenty of lots to choose from on the MLS.I have no statistics to back this up, but in my casual observation after our fire is about 1/3 of the owners rebuilt their homes (some built similar, some duplicated exactly--big mistake, and some built better/nicer/larger homes). 

He has $50K to put down and plenty to do whatever renovations he would want to make.

I'm not too familiar with the markets yet but research I've done suggests that the towns of New Britain, New Haven and Hartford all have a good mix of inventory and low prices coupled with plenty of amenities, night life, cafes, etc and local colleges to bring younger people to the area year after year.

@Pranav PatelYes, 50k is plenty.

@Aaron Bard- plenty of  lenders  offer  DCSR loans ...contact a  few  for  quotes ...also - dont  pay  any  lenders  at the beginning of the process 

There is plenty in Boston and i usually go to the Worcester meet ups.

It's always inspiring to see fellow real estate professionals who are passionate about learning and sharing insights.Phoenix is a vibrant market with plenty of opportunities.