I recommend you explore areas within 30 min drive from your locale and explore if you can make positive csh-flow purchases in your area.Use redfin.com and homeseekers.com to see what is available in the desirable zipcodes.Analysis are simple: rule of the thumb is at GRM (Gross Rent Multiplier) this is a fancy term for a just a quick simplistic evaluation were property price is divided by gross yearly rent.Usually, 6-7 will produce positive cash-flow, 8-9 break-even, 10 or more is negative cash flow.There are other calculations, but this one is quick and dirty.I can tell you that you will find out that property located in not s good areas (mine are in South LA) will be more profitable, but you have to explore your market ..

In my first year as a Realtor I was awarded the company’s title of Rookie of the Year and worked my way to consecutively become a multimillion dollar producer.

Some of these had incredible transformations!

It was the Sherman Oaks flip on the hill with incredible views.

I also got his Top Producer online classes and the exam prep disc - passed the test first time out and was the first one done.

I greatly look forward to learning from others here and to establishing good relationships.I came to BiggerPockets through the blogs of Brandon Turner and Paula Pant and have been blown away by the incredibly helpful and accessible information as well as community on the podcast and website.

Do you expect to produce any rental cashflow on ~$5000/month carrying costs + $1000+ monthly building maintenance fees?

That is not the same as saying the investment will not produce a return.

I'm working on my REI education right now, and have to say Thank you to everyone who shares their thoughts and experiences on these threads and podcasts, incredibly insightful.I completed my first rehab this year of my girlfriends house that we just put up for sale, and purchased my own home as a foreclosure a few years back, so I've had some related experiences.Would definitely be interested in meeting with others in this area to expand our networks.

The listing agent can have a listing agreement where no commission is received if the owner produces the buyer, Likewise, depending on the steps @Geremy C. has already taken, even if the listing agreement expires, the listing agent could still be due a commission if s/he could prove they were the procuring cause of the sale.