And some of the responses from pros and experienced investors are saying, jump in play in the water get your feet wet.

I'm a newbie on this site.I'm so glad I found a forum on this level of wealth of knowledge in real estate investing.I orginally started as a Real Estate Investor playing in the area of Wholesale, Note-Buying, Hold and Flip, who later started originating loans.

Creating other streams of income is the name of the game I play as well.Since you plan on holding rental property, check out this video for quick tips on how to evaluate deals as they come along:

It has the potential for positive flow if I play my cards correctly.

Does the sq footage also play a role in the ARV of a property?

. - It sounds like you have already come off your guns by up to $5k if you agree to a price of $72,500, budget $5k in repairs and play closing costs.

The amount you put down does play a role in hard money lending.

Here's the 20 minute version from Home Depot:http://www.homedepot.com/p/BEADEX-Brand-Silver-Set-20-18-lb-Setting-Type-Joint-Compound-385266/202329689?

I'm renovating the entire first floor which has 2 bedrooms, brand new bathroom and brand new kitchen, the master bedroom is in the second floor and it's not bad so I'm leaving it alone.

I have great creditLimited liquid cash as of todayI have some credit cards to play withI have a solid network to possibly leverage other people's money