Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Find one that fits with your life and how much effort/capital you have.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Lives and life savings have been stolen.  

Meaning you use the life-left of all the components that will need replacing in due time and factor that into your offer.Components expiring within a short period of time needs to be accounted for as deferred maintenance.

But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.

Obviously that feeling seems to extend to all people in all facets of life everywhere.

My family has invested here my whole life and its been very good to us. 

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.

It takes walking new investors through the process from real life lead generation to acquisition, renovation and disposition.