These can have a tremendous effect on whether your offer is accepted or not.Also, from what I have gleaned from people DEEP within the business.

It is a tremendous undertaking, but I didn't get the sense from these three contractors that they'd have my best interest at heart at the end of the day.  

A good property manager can bring tremendous value, but a bad one can cause a financial disaster.

Reading all the replies on here has been a tremendous boost that I needed tonight and I'm wondering, how did things turn out?

The reality, however, is that when done correctly, property ownership can provide a tremendous level of financial freedom, allowing individuals to pursue their passions.Two months ago, a student from the University of Arizona messaged me on BiggerPockets and asked if we could meet and talk about real estate investing.

Use a state contract and your buyer pool opens up tremendously.4) Myth #4 - You need to know how much the repairs are, and the ARV so you can advertise your deal.

Real estate wins in the short term but in the long term, it doesn't,I think you have it backwards the tremendous transaction cost of real estate generally makes it a poor short term investment.

But there are currently 14 other states poised to legalize MJ and I can't help but think that the Fed will acquiesce at some point as they too would stand to gain tremendously from the vast revenues that would be realized.It's a risk for sure.

I would strongly suggest reading the Ultimate Beginners Guide.http://www.biggerpockets.com/real-estate-investingThis helped me define what I wanted to do in RE (and what I didn't) and I learned a tremendous amount about how to evaluate properties to determine if they are a good investment.Best of luck and please reach out with any questions,Andrew

@Patrick FahertyBeing a note buyer/Lender is a tremendous way to succeed without a lot of headaches.