The day we evicted with the crew she had a ton of crap upstairs almost wall to wall.So on the low side you could spend 150 to 200 for filing, writ, and eviction crew but also by waiting until the day Marshall throws them out you could lose one to two months rent.

This way, when a storm hits, you may lose a day or two on the interior if people can't get around, but you want lose a week or two because there's snow on the roof or it's too cold to paint the siding.

Getting into a buy and hold with only $25k could be a problem too in CA, so you would have to venture into the desert cities combined with leverage or go out of state.Investing in a syndication may be tough because you would not be an accredited or sophisticated investor, potentially making you ineligible.I would learn what I could on rehab flipping and/or wholesaling, use that $25k as your skin in the game (after you get fully educated on how to) and build more capital from there.

Just make sure the total cash flow increases after investing the refinanced money.Property 1 was cashflowing +250, after refinancing starts losing 50 a month, if the new property cash flows +500, your new total cash flow is now +400, almost double than before, I would do this any time.Also, its preferable that you buy properties that cash flow or at least break even with 100% financing, that is now one of my parameters on my investments, it forces you to be patient and wait for the best deal possible, it makes the investment safer even if something goes wrong.

It's playing the lotto or musical chairs where if you do not have the chair to sit on you lose everything.The more middle income areas where returns increase you have to work harder to get tenants to pay the rent.

The market is strong, good job outlook, and sound economy.My concern is that with so many other units in the complex that I lose control of the condition and pricing on those competing units.

Skill set - flipping is a different skill set than finding the deal and not one you want to or feel capable of venturing into.This space is really interesting to me.

I also own a condo that I lose $200 a month renting and still owe 10k more than current comp sales.I'm considering quickly getting my real estate liscense for the education, access to homes and solve the unemployment issue.Any tips and suggestions would be greatly appreciated.

I also have to consider the extra time it takes to close, since I’m losing on opportunity cost.

Your alternative is losing stacks of those Benjamins to continued lost rent, paying attorneys and the court/administrative costs.Messing with the utilities in the dead of winter in Chicago will only put you on the wrong side of the law.