it was a lesson learned , and much cheaper than most of us will pay when we make real estate mistakes :)

I'm looking to learn as much as possible as well as make connections that will allow me to make real estate investing a reality.

Depending on location and market building out high end condos can be a good money maker but is not simple or cheap.  

Just got back from three skiing two days at Breck and one at Keystone.What's the better money maker--assuming hiring a management company either way:-Short term vacation rental-Long term rentalExpenses must be pretty significant with cleaning and furnishing a short term rental, but income is also good.  

If not might be a good money maker.

This is not for the faint of heart but it's a money-maker for the right investor.Through another wholesaler, we got a property in Lake Villa.

We had someone in our subdivision up there build a brand new cabin years back and from what I have heard it's not renting out as consistently as the owner thought.So the cabin really isn't a money maker, and it is nice to have around.  

However, I budget more $$$ for maitenance reserves, and to make rent-ready for next tenant.

To avoid that I suggested that they can make rent payments through direct bank deposit, which they are okay with.Tenant said they can either do a wire transfer or ACH transfer.Are there any downsides to giving the bank account # and having them make rent payments directly?

It takes a long time to see results in this business, which is why 95% of the people in your shoes will quit before they make real progress towards their goals.