I also netted around $15-$20k in forced appreciation based on renovating that last unit, doing a little landscaping, and increasing the NOI. 

Thanks @George Chang, @David Hutson, and @Alex Craig for all the great tips!

I had not heard of tipping them before.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site.http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

My wife (Priyal) and I, both are newbie in the world of REI and looking for some guidance/tips on how and where to get started.

Thanks @Michael Le for the tips.

And thanks for the electric panel tip! 

Oh, it's pretty plain to see someone isn't a lawyer.That "option" isn't even an option,A dollar might hold a pair of shoes on layaway, lacks equitable interest, and you think a buck turns into 5K :))What rights are you describing to a buyer of your Trust that they have, tip toeing through fraud are we?

One of my favorite features are the podcasts that have interviews with successful investors and others in the business to show give tips and warnings without a ton of hype or a sales pitch. 

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessBefore your 1st purchase, please ensure you visit the below link for some tips. http://www.realestate.com/advice/buying-your-first-investment-property/ eBookhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets- community-book Blog http://www.biggerpockets.com/renewsblog/2013/02/09/how-to-start-investing-real-estate-young/ Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.