I imagine a lot of newbies lose a lot on accident in the beginning and lose courage and no wonder after reading some stories.

I would imagine that if your rent price offer was too low, the PM should of stated that the rent price is firm

Imagine that!!!

J Scott & Brian BurkeWhen I recently wrote my 342 page real estate book, I pretty much followed the same steps as J Scott, except that I inserted two editors as well as ISBN (international registry of books), copyright and Library of Congress into the mix.It took a lot longer than I ever imagined and much longer than most people would ever imagine.I did write a second unpublished book on tax sales, but its no where near being ready to publish.

I imagined the LLC match would be something like, "when does it not make sense $3K to set up an LLC -- probably if your equity in your properties is only $10K or something"..

I have to imagine any carpet would get pretty nasty after enough years and enough tenants.My units have some pretty durable floors throughout (no carpet), which really makes it nice during tenant turnover.

I know your dedication and perseverance will be rewarded beyond imagination in the years ahead.HAPPY BIRTHDAY!!

Given that you are on a real estate investment site like BP, I would imagine that this property is probably the tip of the iceberg, and you have the intention of purchasing more.

That said, I would imagine your cash reserves are going to need to be pretty decent in size.

Had a friend call from VT yesterday, house was 90% rehabbed when they did the roof and were caught by a down pour.