I like this investment for its diversification and total passive involvement, while investing in buy and medium term hold properties.  

Hi James,If like you say you've been on BP for some time, you probably read most, if not all, the information you need to do your first deal.To take the next step, I would suggest spending some time to write down very specific long, medium and short term goals pertaining to real estate.

James,We are looking right now for low to medium dollar flips, we have some private money available to help us get going out here.  

@Kicia Brooks Hard money lenders are expensive (read: high interest rates) and are really only intended for short/medium term financing.

I can tell you for smaller rentals we pay $1,000 to $1,500 per year - those homes probably are worth $125-175,000.We have medium size house in the $250-300,000 that run in the mid 2,000 per year for insurance, and up at the $700-800,000 range we pay around $5,000.   

There are lots of conversions, as it makes a small duplex into a nice medium/large single family house.

(see list in #1 above).5 - Once you've reached your established "width" of expansion, continue to lip the seed money...but now you can spend the profits (profits only) on cash flow properties.  

I’m trying to do a general search for small to medium size (~10 doors) multi unit properties in my city (Wilmington, NC) that are not listed or even offered for sale at the moment so I can just do some research before making any moves in the future. 

I was at the REIA meeting as well, and I thought it was very informative, as well as a great medium for networking.

Medium and Large apartments tend to include these expense(s), as they should.My questions:1) Would you bring this to the listen Broker/Seller's attention?