I pretty much violate every rule there is from the 2% rule to the 50/50 rule to the 70% rule on this one.I found labor for the first rehab on craigslist and this was a classic example of trying so hard to get the lowest cost labor that I spent twice as much money in the long run. 

I've had the classic "Let me pick your brain" lunch with a couple of investors who own property.

I have a blog post (third one down on my profile) on some older classics books about landlording (classics of lanldord lit). 

@Keith Ellis If someone were starting from scratch, I'd have them read the following four classics in order:1) Rich Dad, Poor Dad - Robert KiyosakiThis book shifts your mindset2) The Millionaire Real Estate Investor - Gary KellerSimilar to Kiyosaki's RDPD, Keller touches on mindset.

Since the original post did not specify anything about specific topic, quality or experience.My vote for best classic course is Mike Cantu's "Don't get voted off real estate island."

That is classic......good for him!

I'm not sure I'm reading the question correctly because I can't see any cons.As long as you can personally afford it since you'll be living in it, which the lender will ensure of course (that you can afford it), I think it's a great way to start out in real estate.As long as it's habitable (to your standards ;), you'll be able to really "get your hands dirty" with some repairs (even if hiring some out) but without the stress of having a tenant bothering you asking when the repairs are going to be done.Again, maybe I'm not understanding, but this seems like a great & classic "sweat equity" way to get started.

Miami/Homestead is very much like the classic Washington D.C. scenario, where 30 mins south of Downtown Miami, you get to the suburbs and prices for homes similar to Stafford, Woodbridge, Manassas, etc in Virginia. 

Hello BP,I am an investor and Realtor out of KW Classic Properties office and it is great to be apart of this site.

Classic bait and switch. http://www.bizjournals.com/losangeles/news/2016/10...http://www.ocregister.com/articles/classes-733381-...Save your money.