I am about to enter another phase in my life.

So your $800 would over the life of the rental be closer to $400, $480 if you will be self managing (40% not 50%).Back of the envelope analysis shows you making a net operating income of $5760 for the year if you self manage, a 13.7% ROI if you spent your $35k doing repairs.Learning these quick guidelines for analysis is a good idea to qualify or disqualify a potential property.

I think I'll hold onto the job I have now and let my stock and 401k grow and continue wholesaling on the side and work my way to a point in my life where I can start making bigger deals that are more profitable!

I personally would start building an overfunded whole life policy that will pay dividends with 4-6% IRR.

I saw a great write up about BP on another blog that was discussing RE programs you have to pay for in Houston, ie, Lifestyles Unlimited.

There is some situation in their life that is creating motivation (health issues, financial problems, job loss, death in the family, divorce, etc.) that results in the desire to sell their house quickly for cash without making repairs...

I've decided that retirement looked boring and that active involvement will boost my life; probably yours, too, if I may say so.One of the best things my time off permitted was to re-think my motives and business strategy.

Not really a valid approach unless you're doing it with a very very significant other or a friend you trust your life with.With regards to the second idea, I believe you'd have to refinance out of the FHA loan in order to do this, which more than likely would require money out of pocket to get the new financing to a 80% LTV unless you've added significant value to the property.

I so look forward to connecting with others in the real estate community to learn and share.By getting into real estate investments, I know that I will not only make a better and more fulfilling life for myself and my family, but I will also be a role model and possibly have a positive impact on the neighborhoods that I grew up in (war zones-we'll see).Right now I am so excited, maybe too excited, to jump right in.

Fair housing laws state:If you or someone associated with you:Have a physical or mental disability (including hearing, mobility and visual impairments, chronic alcoholism, chronic mental illness, AIDS, AIDS Related Complex and mental retardation) that substantially limits one or more major life activitiesHave a record of such a disability orAre regarded as having such a disabilityyour landlord may not:Refuse to let you make reasonable modifications to your dwelling or common use areas, at your expense, if necessary for the disabled person to use the housing.