Spend the first few deals just listening and asking questions.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

It's only dead if you are spending too much on your purchase.  

I know it is expected that you will need to spend some money after someone moves out but I just didn't expect I was going to need to spend appx. $10k to get it rental-ready. 

They simply did not desire to spend more time than it was worth to recover the money from Airbnb.

Just like many of the comments I want to do RE so I can spend more time with the kiddos..

You cannot blindly message individuals on BP advertising services.

This allows the Board to spend the funds on anything, and if they do, the owners would need to restock the reserves!

I've seen this and it's the blind leading the blind.

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.