Full disclosure: I do charge $75 for my kit that gives all the good info.If your brand new, your brokerage should give you training and guidance like David said.

Partnered up with a local investor as a "mentor" who charged me for lessons I got in some of those "free investor" kits sent out by people such as Cody Sperber, along with sending out over a thousand letters in the past six months, even though learning a bit, I still have not done a deal.

Hi there,I am interested in getting passive income via real estate, ie. buying to rent. Nothing spectacular, just to make a start with some money that I've saved up. I read a few articles about opening an LLC in state...

Great advice K. It's

The house is a HUD home 3/2 for 35 k. It

The only show of that ilk I like is DIY Realities.  

Been in and out of DIY my whole life.

In fact, my only real regret is that I tried the DIY method for too long.  

Have more cash reserves than you think you'll need, or at least a job that pays reasonably well and a willingness to DIY stuff.Learn to screen tenants properly.

Your monthly rent could easily top $3000 if you finish a unit nicely, and while you'll either have to hire a cleaning service or DIY and furnish the unit(s) you rent, this can be done cheaply and even included in some loans.I imagine the vacation rental market will be saturated by the time I return, but if I was in that area today, I'd focus 110% of my energy there.If you prefer long-term renters, you can still win, but you might consider a direct mail campaign to find off-market property.