YOU make yourself successful by constantly learning and pushing yourself to a level that few attain.That makes you valuable to clients as many want the best in their respective field.The KEY question is do you have a full or part time job doing this on the side or is this you have to make closings or you will quit in 60 days because you can't pay the bills to survive??

Asking price: 39,500Estimate Value: 70-75kRent: 1000MTG Payment ~ 400 with tax & insuranceI've noticed in the "Fly-by level" guide for newbies it recommends taking 50% of the rent for expenses then deducting your payments to make sure you have a positive cash flow.

@Arnie Guide In Florida, we do not have an statue about late fees.

Probably not.I also see you are in the Republic of Cali, so what a judge may consider consideration may stem from some other aspect of the contract if adequate consideration was involved, but sounds to me like it's that ten dollars together with other good and valuable consideration thing, if the consideration recited is not sufficient for the scope of business to be conducted, your seller may not be bound at all

Have you read through "The Ultimate Beginner's Guide to Real Estate Investing" yet?

There is such valuable information and so many brilliant minds here on BP, we are very grateful to have this resource.

I'd definitely recommend beginning with "The Ultimate Beginner's Guide to Real Estate Investing."

So glad to have found this amazing group of individuals who are willing to share such valuable insights.

Welcome to BP Taylor Brannen.I'd start by reading The BiggerPockets Ultimate Beginner's Guide to Real Estate Investing, that should give you some good insight to start with.As far as where to look for properties, that is going to depend.

I could tell a seller that the hill is so step that a cow couldn't graze there and that the property was less valuable to any rancher,he could certainly say it would make a great ski slope!