@Sergey Perevalov My big concern for you is that you feed this project and devote untold hours and thousands of dollars chasing a few bucks from difficult, transient tenants or become a slave to the local Housing Authority.  

Absolute newbie here both to BP and realestate.Right now I am stuck in the rat race working as an account manager for an IT company and am going to devote myself to realestate investment as an exit strategy.My plan is to start with buy and hold and then start looking at flipping and wholesaling once I get better at estimating the amount of work a house or building needs.I am wide open to feedback and guidance from all the wonderful people here.Thanks,Luther

I don't have a lot of money but I have a decent amount of time to devote to this.

It sounds like you have time to devote to this.

Do a search on Biggerpockets, there's several threads devoted to Private Money / Hard Money loans, etc.

Over the years I have had an interest in real estate, but devoted most of my time to my current position.

Turns out, he's a devoted, hard working father of 5 sons (the older 3 sons work for him) Danny lost his wife last year unexpectedly.

It describes the decision-making process and ways to improve it.One chapter was devoted to so-called "experts" in any field/industry (I'm thinking Mad Money's Jim Cramer, but you can fill in your own blanks)-- where they show that the correct advice from these "talking heads" is inversely proportional to the amount of airtime they get in the national media.

You could be working real estate as a 2nd job and you don't have enough time to devote to investing.

These properties require a full time manager/owner and they do not have the time to devote to the portfolio.