I'm not willing to buy anything in a C or D area, so if an out-of-town investor is, more power to them.

I would also need a Plummer for the full bath conversion.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Generally you will have had some level of conversation about the rent expectations leading up to this point, but owners tend to cost themselves more by shooting for rent over market (both in vacancy and less qualified tenants).2.

. :) Knowledge is power guys. 90% of the "My property manager is ripping me off" crap that is spoken about on this website is because of the investor's ignorance to the actual cost & workload required to run a rental property.

It is a HUD property and the power is currently off.

This is totally fine and I do see the power of it, it's just not for me (and my wife for that matter)It depends on how fast you want to achieve your goal and what you actually want to give up to get it.You can still hit your goal over the course of a few years by starting with just 1 property with a 20% down payment!!

Learn about the Roth IRA conversion ladder.

When it comes to investing ones equity nest egg or retirement savings people often want to be able to look the sponsor in the eyes, have a conversation and get their read.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.