Most severely underestimate the true cost of a PM, especially in year 1. 

Recently, I have been reading several of Brandon Turner's books from BiggerPockets and am starting to map out my plan to begin investing in real estate.

I am a licensed realtor in PA, so I have specialized skills in other obvious areas of the business.We have a few approaches that we've considered in how to deploy our money for it's first cycle, and would appreciate some feedback from those with greater knowledge.Between our liquid assets and access to loans, we have the option to spread our nest egg out over several projects.

The Lift The Ban group has paraded folks who've lost their rentals due to health issues, old folks who couldn't afford their rent in "their" neighborhood anymore, and a whole crowd of people in similar situations and things that have nothing to do with the cost of rent across the market.

If several mention the price or parking issue, you know what to do.

I ran the numbers several different ways and came up with a percentage between 40 and 50% DTI.

I have several questions I need to answer before I go into this.

In my area there are several 10-20 unit apartments that are $500-600K.As attractive as this seems to be, I wonder if it's too much, too soon in the world of real estate investing.

But, it prompts several other questions in my mind.1.

We probably spent around $10,00 staging both units and several very long weekends getting it ready.