I think this is one of many key important questions to ask for a beginner like me and also one who has decades of experiences in REI. 

I have since watched a couple podcast episodes, and started reading Rich Dad Poor Dad and the Ultimate Beginners Guide.

We are relatively young I think (31) and honestly at this point in my life I wouldn’t be concerned at placing a monetary value on our time working on a property.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

As far as finiding a renter is concerned, in Boston it is customary for the tenants to pay the realtor fee.

Welcome to BP @Michael Gaab  since you are new you may want to check out  Ultimate Free Beginners GuideIt may help you decide which direction to go.

You will at some point be forced to at the least snake it which can be challenging sometimes or at worst replace it.If it is a flip I wouldn't be as concerned and just replace from risers up or whatever currently needs to be done.

It started with a $6,000 mistake...Late Saturday, enjoying one of my much needed nights out, I received a text from one of my tenants stating that the A/C unit was just blown out..I wasn't concerned except that it was a 2am text & call and that the next day was Sunday (weekend service repair calls are always more expensive).As summer approaches, I knew that this was a situation that needed my immediate attention...I immediately had one of my managers collect some quotes for a new unit and labor (never use Yelp!

These rules generally parallel those for electric and gas service.Although smaller water companies are exempt from HEFPA, they still must comply with PSC regulations concerning termination and complaint procedures.

As I’m sure you know my biggest concern in this area is funding my first purchase.