I think a lot of people go into business either with a specific idea or with a hobby, not realizing that's one of the least important aspects of running a business.

Where things really get tricky is the financing aspect of our endeavors.

Also take advantage of all the great resources BP has with the Blog and Podcasts and be active on the forums to learn a ton about any aspect of real estate.

What makes you different than any other team that is in Memphis and has all aspects of the operation grounded there?

@Jeff S. you need to find out exactly what the charges were he was convicted of, if it was a drunk driving accident with serious bodily injury and has gone through rehab it's one thing, if it was violence or theft you have to be careful of where you let him work.

If you financed you have to reduce the return by the interest paid and then decide how you are going to look at the principal aspect of payments)Hope that helps. 

Besides the info here won't cost you one red cent and there are experienced professionals in various aspects of real estate investing from residential to commercial, licensed pros, wholesalers, rehabbers, landlords the works.

I'd suggest you stay away from requiring significant maintenance issues be accomplished by a tenant, this aspect can touch on tax matters.#3.

Check out the many blogs and podcasts for creativity and experienced input as well as tried and true techniques in various aspects of REI.

Hi all, as requested by Josh and Brandon in the past few podcasts, I have decided to enter the forums to become more active in all aspects of real estate investing.