I guess its all relative but REI terms for me this would mean not getting into complicated deals until I have the experience to understand them and not to leverage myself to the point where I couldn’t handle the worst case scenario.

Be very careful using strategy of blind purchasingIf things go bad guess who’s left holding the purchase debt / financial issuesNot the Agent Not the property managementNot the contractorsNot the utility companies Not the tax assessor officeetc

So for it all to hang together, I guess I would need to replace the door trim as well.

Plus, I would guess for every successful dropout there are thousands who aren't.

Property is so expensive in Australia so we are constantly stunned by what you can buy here, and so many are cashflowing really well.We've just had a bit of trouble organising property management too, I guess its very easy and professional in Oz.

Is it possible, I guess realistic, to start with no money?

k....enough of that.My background is in Engineering and I do currently teach math so I guess that would be my speacility.

Ryan,I assume you are implying you can make a guess as to the purchase price but still can not tell what it was given there is no way to tell how much cash was used.Is there anything else that is specific about TX which will provide a clue?

:shoot: This building is out of state and I do have a management company that runs it, but I haven't been able to reach anyone to get the full details . . .Talk about a powerless feeling.I guess I need to wait to hear more, but I'm simply stewing here!!!

Let me take a guess you bought an in town house???