Get your vacancy rate down and that is the greatest cost savings you will enjoy.

You need to have a real love and enjoy the actiivites of being an real estate agent.

I am terrified that I will make a mistake but am hopeful that I won't ruin this endeavor and will learn as I go along.

You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case StudySee you around the forums!

You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case StudyOh - and don't forget to set up your Keyword Alerts!

Many years ago, we discussed starting RE Consortium; whereby, investors would pool their money together (certain buy in requirements), and then purchase various investment properties.My question is for anybody who a. has done this, or b. would be interested in this endeavor.

lol.....this past summer i Ended up getting a internship at a HUD REO asset management company which i really enjoyed because i got to learn the basics of the RE industry. well i guess they liked me enough too because i got hired on full time!

And to add I'm an autodidact so I enjoy the pleasure of learning.

If you find markets that are only marginally better than your home market, I would stay at home and enjoy the local knowledge and convenience of being close to your properties.Mike

I'm not suggesting that anyone should abuse this position, but it's comforting to know that I have strong laws and court systems to turn to if it goes south.I realize from a financial perspective, it's a loss going the eviction route, but part of me is really enjoying the whole process.