The deal has enough skin on it that we will still make a nice profit (its a multi unit with other units so this isn't our whole budget) so thankfully just comes out be a learning experience.

Nice try though.Myth 4: I'm hands-on, so I materially participate"Material participation" is defined by the IRS, not by your Facebook friends and not by YouTube gurus.

I was nice the first time and told them I’ll take care of the bill but please make sure you use less TP and supervise your kids since they’re still very young.

My focus is on Georgia, where I plan to build a diverse portfolio across various parts of the state.My strategy involves long-term rentals (LTRs), buying and holding properties, and seeking both cash flow and future capital appreciation.

So, it sounds like I will be more than okay with about 10K to start @Emanuele Mayer and a nice line of credit.  

Walk thru that exercise to determine you location and market strength.  83 units is a nice size to get started if you plan to Scale. 

I work from Morgantown to Bridgeport, WV, and we have some nice cash flowing areas in A-B neighborhoods.

Decent cash flow but not looking for a home run the first time around (although that'd be nice!).

@Drew Sygit  has a very nice description that will hold for basically all markets.. maybe he will see this and post his  ABCD model..

We've got pretty nice communities around here, cost of living is reasonable and there are good opportunities as far as investments go.