However that would be after PITI + Property Management (even if self managed), maintenance reserve (based on property condition, age, location, etc), and other costs such as utilities, landscaping, or applicable association fees.

@Karen MargraveThank you for responding, I have been to multiple REI Associations meetings, signed up for Meetup and talked with 14 different real estate agents, even went as far as meeting with them face to face.

People often get in over their head in forums giving advice.

I head maybe finding a builder to partner with was a way to go.

The founders of VRBO (husband & wife) are some of the smartest and authentic people you'd ever meet and have such integrity, it really was an honor to be associated with the company when they owned it.

They have put they head in the sand to long.

If you're just starting out and you don't know what to do, one of the key things you need to do is go out there and MEET as many "real estate people" as you can find.Attend networking events, real estate investors association meetings and meetup groups.Talking of meetups, I am organizing a BP Meetup this Friday, January 17, 12 NN in our Downers Grove office.

Great job.Locate and attend the local landlord association meetings great place for info and resources.In apartments you might consider Niche or Specialized Housing like student housing.

No association, just a happy user:http://www.techsmith.com/camtasia.htmlThey have a free trial, $99 to buy.

I also think @Shayne Brescia nailed it on the head about the delayed release of these foreclosure properties