Don't spend your time with other agents as a focus. 

Hope to spend more time here in retirement.

We don’t use the 70% rule for anything except to decide if we’re going to look at the deal… and even then we just want to see if it’s close before we spend time running numbers.

Given his spending habits during his first term, it might be a wash.Costs to build new properties will probably increase.

I agree that some groups take the money making aspect to far and are simply taking advantage of enthusiastic newbies.The two groups I spend most of my time at now are not REIAs, The BWI Meetup and a group of landlords that get together for a casual lunch once a week.

@Laura YelinI’ve never been, but when considering new markets I usually just fly there and spend a few days there scoping it out.

Unfortunately, getting the insurer to extend coverage beyond the bathroom may be an uphill battle.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

Instead of spending years learning by trial and error, working with a coach or mentor can allow you to accelerate your learning curve, gain confidence, and achieve your goals faster.