For this I recommend going down to your local real estate school and take a basic course in the Sales Comparision Appraisal Method.

Hello Everyone, Here is an article I put together a while back detailing a very basic understanding of the sales comparasion appraisal method (in other words, how to read and understand sales comps.)

Often you can get a ballpark number from a contractor giving him basic details of what you want done including things like how much square footage you are talking about, quality of materials, and any other important details for a particular project.

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In fact, those are the ones I find the most lucrative since most other people won't touch 'em.Bleach and water is NOT the proper method to remove mold.

I'm new but I realize the best method of finding clients seems to be referrals.

I suggest starting with owner financing and lease options-some investors don't like this technique so it can be a niche for you..It was for me and as a result I became successful..There are other little to no risk methods like flipping wholesale projects(yes it is legal) you have to have the knowledge as to how to structure your deal but I already have a book going..I recommend starting with these type of methods because it will build your cash flow and once you have consistent profit you can become even more creative and do more advanced strategies.

Any particular neighborhoods with good cash-flow properties, quality people, and good management companies to run the buildings?

Then invest in that method.

From a beginers prospective it doesn't make much sense since I haven't experienced these things yet.How to Buy and Manage Rental Properties: The Milin Method of Real Estate Management for the Small InvestorThis book has some interesting forms to use.