The first step is to calculate the first property's return on investment (assuming you'll pay yourself market rent).

What are the steps?

I want to know the right steps to take for success!

I am wondering what would be the necessary steps to pursue such a possible opportunity?

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideFinally -be sure to setup some keyword alerts - especially for "Topeka or Coachella Valley" so you can jump into local conversations.See you around the forums!

Martin - there certainly appears to be a theme of duplex/fourplex purchasing as a good first step in investing.

Today I'm taking the first step towards becoming a RE agent - meeting with someone in the industry!

While learning the basics of each step of the rehab is very important for dealing with contractors, I'm a big believer in letting professionals do what they are in business to do.

We've had AC, furnace, flooring, roof, etc. issues that would wipe out that amount (and more) at once.I would plan for a healthy reserve fund and consider increasing desired net cash flow, and clarify gross vs net in your assumptions.Good luck with your next steps.

Whenever there is a bargain to be had or profit to be made, investors and businesses should step in, buy up the bargains, offer lower prices in order to gain market share, and effectively make the prices more fair to consumers (in this case, renters).