I was thinking about doing the same thing (limited thermostat), until folks brought up the fact that they can be defeated with a bag of ice or cold wet washcloth.

I love MF properties that appeal to college students, hopefully you can find something close enough to the UK campus to get your feet wet on.

Short of actually getting out there any getting my feet wet, I have not come across a better educational resource for a first-time real estate investor.

This will help you learn as well as meet more of the people that might make up your team and most importantly other investors that will help you learn the ropes and buy/sell your deals.After getting your feet wet here you should start doing things like:- Getting your business setup- Getting a website setup- Come up with a marketing plan to find off market stuff (Since MLS is not as fruitful as it was the last few years anymore, in most areas)- Find other sources of financing (Personal and business lines of credit, private investors etc.)- If your intention is to Rehab start getting contractor and tradesmen references and make contract to see if they will be worth having look at a job when you get something.Lots more stuff but this should get you busy for a little while

Check for any 'pending' Federal designations as well.We had an investor pick up a large property that he began developing.Then 39 acres were declared wet lands 18 months after he started developing.Nice thing is the 39 acres sits directly behind my home :)

Did you start out wholesaling to get your feet wet in real estate or did you continue your career at your job and just do real estate on the side until you built up enough confidence and capital to where you were sure you could replace your job's income.

Decided to slow down on the REI start-up and such large capital investments, get my feet wet by getting my CG A-license starting a construction business that eventually becomes REI, just got the GC study book yesterday, $100.

:)Anyway, I don't expect this deal will be a home run (that was never the goal), but it should allow us to get our feet wet in this new market, learn the intricacies of investing in a place with a different climate, different types of houses with different types of problems, and start to build a team so that if we decide to do more projects in this area, we'll be better prepared.

Poker is boring me and I'm looking to get my feet wet in the REI world.

You get your feet wet as a landlord if you can get a multi, have tenants close for ease of communication and start to knock down the 2 year landlord requirement that a lot of lenders have (2 years of landlord experience to count the rent as income).