If none, NY and NJ are not the best spot to "try" one as your buy-in is very high, cost is high, lag time is long, and competition is fierce.

@Luis Herna, I don't mean to imply that finding a property worth investing in is easy, but it is far harder to raise capital than it is to find a property to buy.  

I am new to real estate investing, but are ready to dive in. I

The area I purchased in is great but I know condos valuations fluctuate more then other residential properties. 

He knew the property did not have central air when he moved in, I doubt he has a leg to stand on in court.

If property values go down that money you just paid in is disappearing!

Thanks for chiming in. I

Unfortunately the things that Lonnie did back in his day were great money makers but have been all but made obsolete in this under the microscope predatory lending world that we live in. I

Specifically I wonder what are some of the best recommended pay per lead companies out there while I wait for my SEO to kick in? I

There are various ways to do this in QBO, but this is how I typically do it for myself and my clients in the Chart of Accounts.Real Estate Owned> Land> Buildings> Closing Costs> Capital Improvements> > CapEx 5 years> > CapEx 15 years> > CapEx 27.5 years> DepreciationOnce the tax return comes in I will adjust for depreciation.