And with regard to your insight into the othe issue that i did not expressly bring up, you are right though, this is my second biggest dilemma in how to get started is how do i go about doing it when i am on this expensive island.

Since then, I have hired a manager and now bring home the same amount of money that I did in my JOB from that facility but I only dedicate 1 day per week to hands on management.

As for my current employer I don't know how to bring it up without sounding greedy.

I didn't count with this kind of appreciation, it actually went up so fast many talk about been a mini bubble, I guess the question is. is it better to take my good fortunate and run with it, or to keep a small monthly cash flow and weather whatever the market may or may not bring, having in mind it would take at least 10 years to make the same profit off cash flow.

The cost overruns could eat up your dream and cost you many nights of sleep.If you need to ask the question, at the very least you may want to consider bringing in an experienced partner.

I'd like to parlay some of that experience into real estate investment - the latter is a completely different animal and I'm hoping to get to know knowledgeable and helpful investors here on BP - I'm new to this so I'm not sure how much I can bring to the table for the rest of you who have been at it for much longer but hopefully we can all work together to build for our future!

I would go to 6-8% for a cash purchase knowing that I'm getting "free" equity that I can cashout later to bring my return back up in a year or so.Also you have to think is 8% worth it on a more management intensive property in a C+ area.

If you think they are going to do damage to the property you need to put them on notice immediately that you will bring criminal action against them- in writing, hand delivered.

It brings in 1700 a month.

I caught the RE "bug" back around Memorial Day '05 after reading an article about an investor making some dang good money flipping houses.