The best advice I can give is to spend a lot of time in the forums, podcasts, and blogs educating yourself.

I plan to spend my attention on sfr and multi-family over next yearI have consider northwest of Milwaukee for buy-hold since I have a ton a relative in that areaThis my personal current breakdown of SFR~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~buy-hold / wholesaling -> northwest of Milwaukeerehab / wholesaling / buy-hold -> suburbs This my personal current breakdown of Multi-family ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~buy-hold / wholesaling / rehab -> suburbsbuy-hold / wholesaling -> Milwaukee depends on zip code / areajust my opinions

After spending a lot of time and money on unworkable an outdated programs, books and videos that claimed to teach the "secrets" of the investment gurus, BP has helped me realize that there really are no secrets or push-button shortcuts to REI.   

The judgment companies will not want to spend the upfront money to start the process If they do not feel they have a collectible candidate.Even with all that the former tenant can still file BK or by a miracle years later want to settle the debt when they want to clear up credit.

Then your expenses, are much more than $2,737.50 for the year.I suggest that you spend some time in the following forum:Landlord and Rental Property Questions.Here is the link:https://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issuesI suggest that you spend some time reading the first 4 "stickies," and the first one that you should read is the "50% rule."

. :)I look forward to spending time on the site and interacting with you all in the future.

I have a decent idea that around the UT campus area rents range from 400-800+ depending on what you are renting of course with 400 being an efficiency apartment.I would not spend over 30 grand on a home, would like to buy one which needs maybe 5-10k of fixing up. knox has a large amount of homes in this number bracket.My idea would be to either owner finance a home, or pay a large payment down and receive a loan from either a bank, or use some other options I have regarding acquiring the money (too many details).What do you all think of this idea?

Think back to the recent drought, in 2011, and consider the losses of 5.6 million trees and $7.62 billion in crops/livestock.

If nothing else, if you don't it sends the wrong message that she can order tests that may or may not be needed and spend your money to do it.

I'm looking at flooring for the living room, hall and possibly the kitchen and I'm wondering if spending the extra money for engineered hardwood would be worth it?