But I don't want to go into anything blind, and my knowledge of the real estate business is next to nothing at I'm here to learn as much as I can before I get my feet wet.

Still looking to get my feet wet investing in Washington, D.C.

First deal to get my feet wet in REI but have quick question.In contract with a property that I expect will cash flow $70-150/month (10% vacancy, 10% PM, $100/mo comb. capex/RM); cash return of 7-13%, excluding what I'd pay myself to self-manage.2/1, rentable condition, listed at 52, offered 32, in contract at 41.5. 

We are also looking at purchasing 2-4 units in a deal that looks interesting, but not in a rush.Everyone has a different approach to getting their feet wet.

We have a large house with a lake view that is currently rented to a retired couple while they build a house (cough, McMansion) on their own property just below the rental, directly on the waterfront. 

The city put out dumpsters and the first thing was to cut the drywall above the wet line (in my case 4 ft) and break out the wet drywall and toss it

Because my husband and I are just starting to get our feet wet with the "off- market" properties we only expect to find roughly 4 deals per year.

I will be partnering with a local guru in order to get my feet wet and learn beginning, middle and end of a house flip. 

It can be a great way to get your feet wet if you're new to REI and don't have a ton of money to start with.

Wet it, scrape it, re-texture & move on.Not to complicate matters but since we are on the topic of environmental concerns, if you are not already aware, you should educate yourself on the federal EPA "RRP Rule".