I was 24, and just finished reading rich dad poor dad, and was ready to find out how I would strike it rich.

It strikes me as interesting as someone who rents to own a couch or washer machine. 

10.8% cap rate does not immediately strike me as unreasonable without knowing area, comps, building condition, etc.

The harder you work, the faster you get there, but there's absolutely nothing wrong with the slow, steady route, picking up a deal here and there as the opportunity strikes with the extra income you earn from a day job.It's completely feasible to flip a property or two a year, or buy a few rental properties a year, without affecting your full time day job.

You will never hit a home run or even strike out if your too scared to step up to the plate and take a swing.

I just sent a few pieces of mail out to them, hopefully I can strike one.

Also while your at home depot go to the pro desk, like Jscott says, and strike up a conversation with the staff and contractors about rehabbing without tipping your hand in your inexperience.This takes a little time, don't think you will learn this over night.

My goal is to get our first property by the end of the year and I feel like I'm striking out!

@Dong YanIf you're that far along, it's not likely you can insert those terms into the P&S---most attorneys would strike the attempt if it wasn't in the offer.But you can still proceed with offering the current tenants a rate hike or asking them to clear out if they don't accept.

We did, however, strike gold on a typical SFR in this area.