do not get carried away, play conservative on your first deal, leave some room for error.3) Find a qualified and experienced contractor, do not settle for cheapest, you want experience here, because their is a significant administrative burden not only paperwork, proper formatting, but also financial constraint on the contractor as these sometimes have $0 prepayment to contractor.

These properties are highly management intensive and the tenant base is often difficult to deal with.

I'm Travis and currently reside in Muskego, WI, I came upon this site while researching real estate opportunities with low start-up costs.For the past 24 hours I have been completely wrapped up in reading through the abundant amount of information throughout this site and realized that this is a forum where I would like to become a more active member.I am completely new to real estate, outside of purchasing my current home I have no true experience within the industry but the more I learn the more I enjoy it thus far.Truly wholesaling has been the most appealing concept to me, which not only comes to play due to the low funding required but it has been the most interesting topic of research for me.I look forward to being an active member of this community and learning from the many experts who are willing to share their expertise.

Obviously, not an immediate cashflow play for you, but could do really well over time.A few things to touch on. 

I'll play devil's advocateIs paying $10 enough to give you equitable interest?

It was my pleasure helping you guys, and I know you are going to achieve all of your REI goals in no time due to your intense desire, focus and zeal for learning!

But if I were playing baseball I'd be batting .500 and that ain't bad!

Play within your bank roll, if you aren't prepared to take advantage of this particular deal then just pass and get prepared for the next deal.

I would really appreciate feedback from persons who share the similar mindset of work now play later.Thank you and I look forward to enlightening feedback.

Then she needs to play the follow up game.Also, she could ask other top agents in her office if they could give her any referrals.... maybe buyers they don't want to work with or even rentals.