.- it really isn’t that time consuming or expensive. 

Be sure to watch/listen to all of the podcasts, those are an excellent source of information and the BP books are a huge help as well to learn as much as you can to be ready to buy when the opportunity arises.

Hey everybody, I’m a 23 year old real estate newbie from Chicago ready to take action.

They spend money to get qualified leads (such as you) so the site is free for consumers.

However taking a few of these actions can help your chances of being ready when an opportunity arises.John

Just like when I'm ready to buy a new car, I could build one myself, but the people at Ford are much more efficient at building cars, so I pay them to do that, while I do what I'm good at.

Otherwise you may wait a while to find something undervalue that is ready to go or by the time you remodel (30k for TH) and furnish, you've wasted time and money.The second piece, and the part that really determines your net profit, is Property Management and marketing.

Knowing I would be in the market for such a product, I bookmarked the link to PenFed and waited until I was ready.  

You will waste time and money, since you have already shown you are not ready to be a landlord.

I know there's a couple of good posts regarding the sequence of events for purchasing, but what are the steps after you purchase a property, rehab it, and get ready to flip?