I got into the podcast about a month ago and would listen to 3-4 per day while painting the stucco at my rental, great motivator, but needless to say I chewed thru a months worth of data in a couple days.

Definitely not trying to bite off more than I can chew at this point, although they will not be perfect by any means in my price range.I do have a handyman that is roughly a 15-20 minute drive from the area who I trust, so he would likely be my failsafe if an issue is over my abilities and/or time constraints.I currently run a small business that allows me great flexibility, so I would almost always have the ability to be an hour away if need be.Obviously there are a lot of factors to consider and no end-all answer to this, but the input is appreciated and I'll keep note of any other considerations that pop up from you all.Thanks again!

If it's his first mess up, he probably won't lose his license but be suspended awhile, his broker may chew on him a bit.

Key to getting started is not biting off more than you can chew, don't BS yourself, segregate duties, put people in that can do what you can't, learn to manage, not drive nails, that's a skill.

see you guys out theirwe will be busy chewing up town houses in baltimore

Or is it just a redundant doubling of the protection just in case one of the wires is not connected properly or gets chewed through or something?

Of course there are legal fees and other things to chew up part of that supposed profit.Remember, we look on a property as an ASSET, but to a lender they are a LIABILITY.

That's the rough conclusion that I was coming too without doing the actual math.I think that's the internal battle that they're going through is that it will chew through money and most likely not be cash flowing, but on the other hand Kingstowne is on a great growth incline with great opportunities to hit $900K in a few years.I think they should sell and find multiple less expensive cash flowing properties... but that's a real struggle in this area!

I don't want to bite off more than I can chew right away (living in a bad neighborhood, possibly expensive issues, problematic tenants) since I've never owned a home nor been a landlord.

This would be my first wholesale deal, and i'm feeling like i bit off more then i can chew.