If you have not already done so you might read through the Learn section above, it has loads of information. you can also set key word alerts to keep up on topics of interest to you.

@Derek Steinmetz FYI the following is straight from the 92900B that you will sign in an FHA purchase loan: "Do not falsely certify that a property will be used for your primary residence when you are actually going to use it as a rental property""Penalties for Loan Fraud: Federal laws provide severe penalties for fraud, misrepresentation, or conspiracy to influence wrongly the issuance of mortgage insurance by HUD.

I also find good tenants get a place before the last day of the month so if they give me the keys a few days early I return the unused rent and I tell the new tenants if they'll pick up the couple of days rent at the end of the month they can get in early.

@Jason Greenway,To make the @ work, do the following:Hold down the shift key and type @?

If Verizon is like AT&T you might be able to access retirement through self directed IRA's giving you an endless supply of private money.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Great time to start building the legacy.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Just to protect yourself, not just from your partner, but say a contractor gets hurt, if the LLC isn't filed correctly with an accurate Operating Agreement, you are LIABLE.Further, the key to an operating agreement is to clearly detail ownership, responsibilities, how to handle the bookkeeping, and also should detail how to remove a partner should one person want to leave.These are absolutely key.

Lastly, Mamie, when I purchased my first SFH, I picked up the keys and thought I was going to vomit.

And building rapport with these sellers early on, even before you know their situation is key because that's how you understand what they're going through and where they're coming from.

@Marty Mason,To make the @ work, do the following:Hold down the shift key and type @?