My biggest fear is that I'm going to put my money into something I don't understand.In answer to Scott, for my FIRST property I'm looking for something that needs minimal repairs.

I don't work and find the minimal time spent handling the properties not a real "cost" to me.

It's quite cost effective for the minimal install but $30 a month seems excessive.

Saving - Maximum security, minimal reward.

Since I can't really go and look at the properties physically, how many comps could minimize the errors?

I have set up good teams and solid systems so that I can minimize and often mitigate risk while keeping hefty profit returns.Most of my acquisitions are gained from contacts I have developed and these contacts provide me inventory that I can flip and wholesale for maximum proifits without having to play the numbers game.Sure anyone can hire a good contractor and fix up a house nice, the key is the acquisition price.

On their own, this fee might be minimal but if you write several checks a month, it will add up.

With only minimal effort, you should be able to pick up 50% equity or more.

The amount of principle paydown in the first 10 or even 20 years of a 30 year mortgage is minimal.

Should have known this.3.Yes, the goal was for a long term hold with minimal cash out of pocket