For the beginner, if you want to put in 200k, have 300k for your project and operational costs or lag before income.

I remember reading in someone (maybe Groucho Marx's) autobiography, about getting stock tips from a shoeshine boy and an elevator operator prior to the 1929 stock market crash.

Mike where are you getting 275.00 per month operating expenses?

Other operating expenses to consider: a.

on the subject of non competes...i have a possibilty to have a free mentor for the whole summer by working with with my roomates dad who is a real estate investor. his only condition is that i sign a non compete. if i am interested in buying property and investing in the same area he operates in in the future could the non compete stop me from doing so?

If you are building a sizable operation, and money is no object, The Mortgage Office is excellent.

Most new investors far underestimate the operating expenses and that is usually a fatal error for a new business.Good Luck,Mike

HelloHow are you all doing today, I am a Michigan wildlife control operator.

Kenneth Fach, REALTOR, e-PROKeller Williams Town and Country RealtyEach office is individually owned and operated.

CHARGE him for the time, you're operating a BUSINESS, not a charity.In future you should always adjust your leases so that they expire on the END of the month!