And you probably need money for living expenses.

I don't have a lot to offer as far as money or experience goes but I do have time available to do things.

We're in the business to make money right?

Most of the properties we acquire are with little to no money down (even $0 down!)

Just curious.If you are going to pay a PM, just be aware that you might not make any money on it.I just use a spreadsheet.

Some properties actually lose money each month but gain value through appreciation.

If you're living in an A area and cannot afford an A area property (hard to find anyway these days) and you need to drive a while to even get to an area you are interested in, door knocking is not for you.BUDGET: can you afford to do 1000 postcard mailings a month for 6 months straight?

You don't need to make all your money on your first deal.

Managing the property yourself can save money, teach you the ropes, and give you firsthand experience dealing with tenants and operations.

@Pranita Maldikar Unless the seller is a family member or personal friend, I'm not sure why you'd want to put that much money down on the property.