I am a 20 year old kid who wants to own at least 50 properties one day but I know that I need to start out small and slow.

(I should cash out with at least $150K) Im gonna move to Wisconsin in to a multi family (4-unit) home (50-70K) and let the tenants pay my cost of living.

I'm curious, when you're budgeting for actual construction costs, do you have a rule of thumb you use to estimate?

He said there is only one rule you need to know about being a landord "if they can not pay one months rent they can not pay two".

You can literally be a middle school school dropout, turn 21, and the next day be a Big Bank loan officer without ever passing a single test.But for Local Lenders with flexibility, we face a LOT of hurdles just to add a single additional state or even maintain our own...Think of that whenever you read "lending in all 50 states!"

Medicaid rules keep evolving, and states all differ in how they set up their programs, some do it well, others just create big bureaucratic mess.

I am looking for more info on rules and legality as well, to ensure I am doing things right. 

I have done everything from a single unit rental for 700k to buildings in the low 9 figures; but most of the properties were in the 5 - 50 million dollar range.I am no longer employed by them and now just do some appraisal in my free time.  

Those states seeing an increase include: Delaware: foreclosure starts jumped 113%Arizona: +76%Utah: +63%Connecticut: +50%Oregon: +20%South Carolina: +3%Massachusetts: +3%Virginia: +3%Of the 1,713 counties analyzed with foreclosure starts in July, 36 percent posted year-over-year increases, including Maricopa County (up 43 percent); Prince George’s County, Md.

Basically, multiply the rental rate by 50 and determine what a reasonable purchase price for that type of rental property should be.