So you are earning 8% interest on $15k you never capitalized per se.  

Condo on Pennsylvania Ave SE (3bd/1ba, w/ parking)2.

One was focused more on properties that might have commercial use, while the other 2 basically left their cards up on any of the residential properties (excluding SE) until one or the other got it.

- Any thoughts on other areas around SE Michigan that are better for rental investment?

Dunno that anyone's in charge per se, but here's the thread :)http://www.biggerpockets.com/forums/86/topics/80565-bp-meetups-denver-2013

I would look inti congress heights in SE.

For me, the issue isn't putting in the time per se - I will spend a few hours in the night and certainly a lot of time on the weekends. 

For a book title talking about wealth and with the idea that it was supposed to help you get there it didn't really give any specifics on how to do it per se.

(Side note: depreciation isn't really a savings per se, but more of a interest free loan from Uncle Sam to be repaid when you sell the property through capital gains tax, but I'll gladly use the government's money until I'm ready to sell.)Appreciation: The White Elephant in the room.

Complete newbie myself, but I'll be looking to make my first deal in SE PA soon, so I'll be interested in how you do.Thanks,Chaz