Planning is great - I never was good at that - words are easy to put down on paper - other people's ideas are fun to experiment with and can make someone new in this business feel good for awhile I guess.Over 40 years ago I can recall as if it were yesterday - I was where many of the new folks on this site are today - I was motivated to make money in real estate - had a giant desire to create a little success (the low pay awful job I had, and a jerk for a boss just wasn't cutting it  - but I had motivation - i discovered quickly that it takes more than motivation to pay the bills.So this one seminar I took the guru said "set a goal, build your team and find a mentor".OK - I set a goal to get rich in real estate - to buy one house a month and to quit my job.

First investment purchase, first cancelling of contract, so unclear on the legal standing etc.I entered contract on a rental, and post inspection am cancelling my purchase based on findings of inspection.The listing agent who is the team leader for my buyers agent is requesting a copy of the inspection.  

If you include leverage in the mix, you are definitely in "ERISA tax attorney on your team" territory. 

Click Here for the Memphis Business Journal story about the rapid growth in Memphis, TNMany of my investors are shocked when they see the growth Memphis is experiencing.  

Sounds like you need to partner, or give the lead to an experienced investor for a bird dog fee...

Build a team of contractors by getting two to three estimates for repairs.

Of course, there are some scaling issues, but that's easily solvable with a paid team.

I'd primarily be looking for candidate properties through my Agent/MLS and also off market properties available via wholesalers in the area.As I begin this process, I will building my team and will be looking to get referrals on general contractors, a lawyer, and title company, as well as networking here on BP and at local meetups to find possible sources of capital, JV partners, and potential off market deals.   

Find\Get a primary Team put together that is local, experienced, and trustworthy.Have an office location that is real and serves its purpose even if it is at home.  

This is the opposite of what I experienced a decade ago when all I was doing was writing offers for people with no money down.