I'm currently reading the E Myth Revisited by Micheal E.

E-mail me and I send you a copy of the one I use.Deanna

Especially when you are looking to do flip deals in a scorching hot market like Austin, the details in the above e-mail are accurate.

@Randy E.

There are also several e-books floating around, but I would read up on some general items first, just to get an idea of what you may be interested in, before i dive into a specific subject.

You will find a vibrant community of like-minded folks here and a wealth of information, whether in the blogs, forums, e-books, tools, etc.Wishing you all the best in your endeavors.

If it is in Del Mar, Cardiff, Encinitas, north park (E of the 15) high end areas I would say DO IT. $700k is a killer price for those areas.

Although it does not cashflow my mortgage of $1,371, I was informed that it is taxed income and reported at tax time as a schedule E.

Lol)We also have the e-game so they can play against the computer. 

Steve, you may want to check out my BP blog and my e-book on Amazon, I specialize in low income.Get used to tenants living much differently than you do, and not taking care of things.