All the conflicting information made my head spin and I took no action whatsoever.Turns out, getting into real estate is not only risky, but it's worth having an education by industry experts (no, I'm not talking about HGTV shows, more like people who have thrived for years and share their knowledge).

The focus is on maximizing cash flow and securing a solid return on this investment.

We are all set up with Eastside now and working towards securing a property under contract.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

This can cause difficulties and delays in securing financing from lenders that don’t understand the issues involved, as well as problems obtaining licenses and permits from governmental entities that are unused to dealing with the series LLC structure.

I look at a 12 month commitment with a rent of $5850 + a $5850 security deposit.

As you start, remember that every expert was once a beginner, so take your time to absorb as much knowledge as you can.

If you purchase a tax lien certificate and the property is vacant, do you have any right to rent it or only to physically secure it?

You can use an amortization table to figure out about how much is left on the original loan based on how long the DOT has secured the property.     

Would love to learn from you all experts here and contribute in the discussion as well.