I am faced with this exact scenario countless times a month.

There are countless ways to get started in RE investing and so many variables involved depending on your location, market, situation, finances, past experiences, support network, etc.Foreclosed/auction homes are generally going to be cash buys and competing against seasoned investors with ample cash at hand.

I have looked at countless houses and comparable rentals in Burleson.

BUT since you've done your research, talked with fellow investors, & run the numbers (countless times I'm sure) - you'll notice it's actually not THAT big of an investment because you are prepared for the managing of it, financially, professionally, & personally.Good luck!

Also the countless times you get calls about minor maintenance, noise, smells and other miscellaneous things that would normally require you to drive to the property to handle.

So in the end, I spent over a year building 2 houses on the spokane river with countless hours driving back and forth checking on things and working on the property and did not make one cent.

What I've found is that at least 75% of the game really comes down to the way you work with the local magistrates in the areas you have your rentals in.Are you organized and do you have extensive documentation when you show up to court?

So, I've just started learning about real estate over the past month and haven't been able to stop reading, meeting with BP members, listening to podcasts and a countless number of other resources. 

Getting your first rehab project will require you to create a SOW, talk to contractors, compare and review bid proposals, review budgets, & make countless trips to Home Depot.​You will inevitably make mistakes and underestimate things, but you will learn 90% of what you know by just doing your first rehab!

You need to factor in when someone decides not to pay the 60 days it will take you to evict them, the $1000+ it will take to evict them, the 30 days and countless $ to rehab the apartment just to start the process over again.4. - And the biggest reason not to buy - YOU ARE OOS.