Quote from @James Kiny: We are a welcoming group of investors -seasoned and prospective - looking to share ideas, talk over problems and celebrate successes of our group members.

Proper bookkeeping now will save you so many headaches during tax season and as you expand your portfolio.Best of luck as you grow your real estate business!

I work with newbie ( and seasoned ) CA investors every single day, helping them find some great properties in the Memphis area. 

I even see seasoned investors enroll in the program because they get more deals faster.

Although my spare time to complete such projects follows seasonal work highs and lows, it would be smart for any type deal I consider to involve adding value myself to the property.With at least 100k (possibly up to 140k) of equity in our home, I have done a fair amount of research in HELOCs and refi.

you know who he is right or maybe your to young :) Didn't go mate,In Toledo for a week in early July.I don't know Robert Plant and am disappointed that I don't know of him lol I grew up with my mum being a clean freak throughout my childhood so she would clean all day and listen to ABBA, Boney M, Bee Gee's, The 4 Seasons, Fleetwood Mac, Rolling Stones, Hot Chocolate, etc...Wish I was born earlier mate70s and 80s music is the by far the best IMO lol lead singer for Led Zeppelin  watch  DC honors U tube with Nancy Wilson singing Stairway to Heaven she nailed it. 

Many seasoned investors are willing to share insights, and shadowing someone experienced can fast-track your learning curve.You’ll also want to familiarize yourself with the numbers behind successful flips—acquisition costs, renovation budgets, and after-repair value (ARV).

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

However going into what is normally the slow season, I am concerned about occupancy. 

However, I wouldn't want to live anywhere in Michigan because of their college football team.