@Jon Klaus Yep I've searched the tax records and I've gotten a number for the land, I'm not sure how accurate those are since I've never used those to value houses.

@Chris RohdeWelcome.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.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

You could possibly get verification, but this would make me uneasy.In the end, it is your decision, and most times a gut feeling is pretty accurate.

How do you accurately estimate repairs?

@Gary TsaiWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out the free Bigger Pockets Real Estate Guide http://www.biggerpockets.com/real-estate-investingLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

They also need a team on the ground.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out the free Bigger Pockets Real Estate Guide http://www.biggerpockets.com/real-estate-investingLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Good LuckPaul

So I have gathered from a previous post to go and seek out investors at REIA meetings to find a mentor.

@Jim HerbstWelcome.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

If you want to do the work involved for the time involved to make the money involved, then do it regardless of a %.It is much more important to have accurate estimates than to adhere to this VERY GENERAL rule.

And you get the benefit of having 40 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.