Read it front to back twice and take notes.Analyze 100 deals (on and off the MLS); you have an opportunity right now to gain hands on experience on the analysis side and that will equip you in creating awareness of what a deal is, what it looks like, smells like and what is not a deal.Join and start attending the local REIN groupStart driving around and determine your farm area (area you want to invest in); write down the address of all distressed properties and mail the owners of those properties asking to buy their houseConnect with 10 people at REIN who have done a deal or are doing a dealDon't let the lack of cash keep you from obtaining your goals.  

Third, when I spend money on something business related (like almost all of my meals, travel, home office equipment, etc) I get roughly a 45-50% discount on the cost of the item due to the tax savings from expensing the item.

Try it, you won't make a lot but you won't loose a lot.And do more planning.. a flip, assuming you need to put one month of construction time into it will take 5 months from cash in to cash out.April 1- Agreement of sale and your down payment (2 months to Title search, get loan/ money, insuance locked down, organize contractors, get permits, make plans, get equipment, turn on/off utilities)June 1 SettlementJune 2 start work, June 30 finish work (let's assume it is on schedule)July 1 listed on MLSJuly 2 receive agreement of sale (this will not happen do soon, but for this example, sure)August 31st - settlement.You don't want to be worrying about something so far away for so long.

I bought the tax deed on the commercial property I got the deed last week. the building has been abandoned for over 6 years but there still equipment in there.

Last time I did hardwood floors, I only saved $500 after calculating all of the materials and rental equipment.  

Also, make sure that the building has tall ceilings to accommodate the larger medical equipment.

I definitely do not recommend buying the equipment and trying to get someone else to install it or do it yourself.  

Want to see where rates are going to go.Building StatsBuilding Type: Light Industrial building with good roof, large laydown land surrounding the building (good for big equipment and trucks) and a brand new fence encircling the property.

You have to go to court, get an order, have it served and after a set period of time when they are physically removed from the property, you can change the locks.In many places, if the commercial tenant misses even one payment, you can change the lock and take possession of all the fixtures and chattel present (note: Any leased equipment stays the possession of the leasing company).Commercial is much less regulated then residential and is much more of a contract / tort relationship.

I am going to go up to Brandon's studio in the next 90 days hopefully if its OK with Brandon and just use his equipment.