It's pretty hard to invest with $8k since most lenders have a $100k minimum loan amount, meaning you will need about $35k to buy a property after the 20% down and the associated closing costs. 

In my opinion, the most effective approach is to close on the property and take title.

These are real costs that hit your bottom line whether you like it or not.The biggest mistake I see from new investors is taking the revenue and minusing the mortgage payment and calling that cash flow.

I'm curious how much it cost you and what exactly is it???

So waiting a month to make that payment costs you between $5,500 and $9,000.

His rehab costs were less than what I Typically pay to paint the interior of one of my rehabs.  

The out-of-pocket cost is simply the closing costs and lender's fees for the financing involved for your purchase.Please let me know if you have any other questions.Continued success!

Make them based on what your tenants need (not want) which would also allow for them to customize (furniture use) to their tastes.I wrote a book on this a number of years ago that touches on a lot of these things, but it was focused on my specialty, "Energy Efficient, cost effective homes". 

When I ask for reasons I get cost of living, quality of live, moderate climate, fresh water access, no natural disasters and moving back to where they were from.From what I can see the trend to the Midwest is steadily increasing, but by no means as big as moving south.

The question for seasoned investors is, are mentorships worth their cost, or is doing your own research just as good?