If money runs out (but when does that ever happen), you're left with quickly partnering with/selling to another developer, or letting the lender take it back (in which case Chris has bought himself a $120k education he won't likely forget).

You can educate the first time renters and let them know running those background checks is necessary and costs money.

comes up---a very good question.And the last piece of this is my not knowing any market really well yet, so some education and experience is needed.What is a good place to start in real estate?

Great place to network and get educated!!!

I am here for education, networking, advice, and mentorship.

Start by educating yourself here and through some good books.

They aren't in business to provide a public service so that others don't have to do the work to find listings or pre foreclosures, and pull comps.

I run into sellers all the time who think it means something, which works in my favor if it is low, and I need to educate them if it is high.If you want a truly accurate value get comps from a friendly agent. :)

I currently work in educational sales so I have thought about becoming an agent as a way to learn more about the business.

Now that I'm a bit more educated, I've considered the out of state vs local thing.