@Ahmad Hijazi  prey is a little strong... but there is no question that CA investors are market makers all through out the mid west and turn key venues. with out them the real estate would not be worth even whats its worth today it would only sell for what a local investor is willing to risk on cash flow basissee my famous thread " 2% rule kills Values"  8 pages of thoughts from most of the top players on BP

Hi Jorge,Nice place to start with and I hope you continue to have a strong success with more homes.One questions I do have, is there more expenses that are not itemized?

I would strongly urge you to use a mortgage broker rather than attempting to go through your bank.

The Greater Forth Area Real Estate Market is strong right now.

My goal (like many perhaps), is to have a bit of financial freedom while investing and growing a strong rental portfolio.  

It goes without saying that you should be collecting a pretty strong deposit. 

Looking at Craigslist, rents look very strong in this area with similar homes at about $2,000 plus per month.

(A little background on me - I am a Doctor of Philosophy, with a strong emphasis on statistics and data analysis, so know my way around research, data and figures.

I am looking to add 5-10 units in the next year in either central Texas or Mid-Willamette Valley in Oregon.I have a strong analytical background and am looking for a partner who would like to put their capital to work in the most efficient way.

There's nothing wrong with risk if you have the cash reserves to support a few losses, but when you're just starting out, I'd strongly recommend finding a property with less risk.