How do I initiate business proceedings?

On a referral, I'll usually take 20-30% of the initial split and then 10-15% on anything thereafter.

Now I'm ready to take the next step into a midium size complex but I can't find anything that's within my comfort level.

Here are my thoughts based on some avg #s$1980/2 = $495/mo x 4 units1 bed/1 bath units typically rent around $400/mo so my initial thoughts are how did they get almost $500/mo for these.Lets say you get $450/mo x 4 = $1800/moProperty Management - $180Taxes - $200Insurance - $100Water/trash - $200Vacancy - $180Repairs - $180Cap Ex - $100Total expenses -  $1140/moThat leaves you with about $660/mo before any mortgage etc....

Hi Max - Congrats on your first deal, I think sometimes the best way to learn is to DO so congrats to you for taking the first step.

It looks like "average valued" slots in the area are going for 1000-1100.Overall I feel like the CoC for this is a little low considering the initial cash needed.

Here are the steps with explanations:1 - Get cash together.2 - Find a RE Market that will allow you to use your cash ONLY for all costs (buy/rehab/etc...)3 - Find a lender that will do REFI loans on Rentals...and what their terms are.

Besides reading as many books as I can and  going to as many meetups as I can what steps should I take to keep progressing?  

Chris Reid Congratulations on taking the first step towards your financial freedom.

Do you initiate the HELOC on the collateral property when it was your primary or were you able to secure it on a investment.