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

Based on the questions you are asking I think you need to spend more time listening to podcasts like Bigger Pockets and Bigger Pockets Rookie.

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.

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.

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

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

What I love about Baselane is that it was built BY real estate investors FOR real estate investors so it's really dialed in to what you're going to need in order to prepare your taxes, keep your books up to date and the more operational aspects of being an REI like tenant vetting and processing rent payments.

And how much did you spend in the rehab?

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.

Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate.