Details:Purchase price: $190,000Current lease with tenant in other side: $1,200/monthTaxes: $3,500/yrBuilt in 1994 and looks well maintained so upkeep should be relatively low.

A lot of the houses are fairly maintained and had the grass freshly cut.

He purchaced several turn key, and well maintained condos for around 45-60k each.

I use quicken for my home finances and I have our house listed as an asset then everything I buy for it as an upgrade goes into that asset account and everything I buy to maintain it goes to a home maintenance category I have set up so it's not reflected in the "value" of the home.

Bakc to school again this time for a broker lic.Then(very important part)with the money saved and some knowledge hard learned I started to buy property.Unlike alot of investors if I could not turn a property in 30 days I did not buy it.I also continued working with clients(mostly banks and other investors) servicing and maintaining properties,listing them ect...all the time learing and staying one step ahead of the market.I have turned over 50 properties at this point.And made my clients (investors and banks)money.

It would be nice to buy in to a program that already has a strong user base, but this isn't necessary so long as the developers are actively maintaining the product.- Non-proprietary data storage.

tenants responsibility is to pay rent and maintain the property.

I would stay away from the franchise carpet cleaners as they often cut corners to maintain their profit margins.

Maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure.For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.To learn more about the Transition Assistance Program's guidelines, and how your clients may qualify, please visit that program's website at http://keepyourhomecalifornia.org.

Getting started in REI is a very exciting idea for me and I'd like to get started as soon as I can, but you're right about maintaining my contributions.