It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Some won't come to grips with the fact that the home next door is beautifully remodeled yet they are asking for the same price for a home that hasn't been touched since the 70s. 

If that's finding wholesalers who have a grip on the property or if it is a property on the MLS, it doesn't matter as long as the numbers work.As for what you can expect in terms of repairs, that is going to be different on every single deal, so there's no simple answer to that one.I'll let the rest of the group chime in, but I saw this one sitting around with no replies and wanted to make sure to jump in and kick off the conversation for you.

If you can get a grip on the ugly reality of this business and manage this yourself, and then hold on for a few years, perhaps you can get out without a loss.

You'll have to come to grips with the fact that NO ONE will do everything the way you do it.Somethings a PMC will actually do better, but they won't do the extreme hand-holding of tenants that many DIY landlords do.

Use vice grips or a pipe wrench.

I have also analyzed probably 10-15 deals and feel I have a good grip on that.

Get a grip, no one is leaving.

Get a grip sheesh!

After you have a good grip of what you want to do, consider an upgrade to a CRM.