If you pick randomly, you run the risk of putting the cart before the horse, and ending up with an unbalanced portfolio that could be riskier or out of sync with your investment goals.

Make sure you are buying the property right, the rehab is not going to be gold teeth in a dead horse (or granite counters in a war zone) and you stay below 70% of the ARV when all is said and done.If you do those things, you should be fine, especially with an experience partner.Best of luckStephanie

Bail Out Explained>> Young Chuck in Montana bought a horse from a farmer for $100.

. :) it was a great property, 3.9 acres close to the lake, I wakeboard so it would have been fun, and I would love to have the exta land for my horses but needed A LOT of work and there was septic issues, so I was in over my head.

I thought it was time that I rearranged the cart and horse, given that I jumped into the forums without properly introducing myself!

I hate to kick a dead horse, but as a newbie...

The basics are not hard to learn and it doesn't take that much time to grasp the understanding of why and how things are done.Then you can select what area of real estate is best for you, but trying to do just one thing you'll be like the horse with blinders on passing by opportunities. 

You can't change a donkey into a thoroughbred.  

So often people put the cart in front of the horse, they market the hell out of their website, to find that their website isn't converting those leads - what a waste of money.

. $5000 2BR rentals will drop significantly in rent, but your work horse $3000 rentals, eh, they will be much more stable.