To negotiate, I leveraged the property's need for renovation as a key point, highlighting the costs and effort required to bring it up to market standards.

Ensuring cash reserves in key when starting out.2) Visit the town you want to visit in. 

So finding out about little problem sooner and fixing them is key.  

Perseverance is the key..

Experience is key for sure in this business. 

By offering them control over key areas of management, you're giving them the reins to drive profitability, while you focus on gaining invaluable experience and building your own capabilities.It's a win-win situation - they get reassurance about the property's profitability and you get the benefit of their experience to hone your skills.Keep pushing forward and best of luck on your journey!

Property management is KEY in Cash flow markets like Danville.

I like this idea as I think it would give me a behind the scenes view of key financial aspects of investing. 

Buying a foreclosure property expect that it is going to need some significant work to get it sellable - so consider it a fix and flip.Not seeing too many short sales today but be patient as they can take a long timeIf you are starting out, it depends on your level of risk as mls I would consider lower risk than foreclosure since you can actually see the property

We are seeking guidance on a few key things about the market. 1) We've done a lot of research on the area and have been scouring MLS having trouble finding opportunities that will cash flow (the golden question, we know).