I jumped into something only knowing the basics and relied upon the on the job training to do the rest.

For the moment at least I have everyone "trained" to pay on time or to make prior arrangements if they need a few extra days due to pay dates or whatever.Eventually, when we get another multi-family I will separate the bank accounts to reduce confusion at our end.

Schools have trained people that failure is wrong.

But I have trained my mind to block out the need to reciprocate by purchasing their course, software, etc....

The area I'm in has a lot of potential and theres a lot of property exchanges lately according the the public records and I believe that the area has a large amount of Investors just "laying low" and finding them is pretty much the key.But I would love to have a mentor or someone to go to just to kind of help out and get some extra training or someone to kind of guide me in the beginning.

its just like being a landlord, either you train the buyer or the buyer trains you.

These came to me randomly this evening...thanks anonymous sender person ;-)He was potty trained at birth.Objects in his mirror actually appear smaller.All his Easter Bunnies are vanilla.The only letters he ever buys are consonants.Right turns on red were his idea.He is 2 years older than his identical twin.When it rains really hard at his house, it only rains cats.He has never tasted juice from concentrate.It was his idea to change the name from Uno Equis.

That sparked the interest and a lot of training fueled it.I love finance and modeling so real estate is a natural fit.

Imagine if you will for a minute how a newbe might view REI.The newbe reads all over the Internet that RE is one of the few tickets available that will allow them to ride the train to wealth especially in todays market with prices and interest rates at their lowest.

The buyers love a little equity and even if the market continues down they are staying in the home for usually 5 years on average and figure the market will get better.As an investor you have to hedge against short term depreciation in prices more because of the immediate resale factor.Most buyers can navigate carpet and paint repairs.As an asset manager told me at a bank before they are trained that the investors first offer is usually not their last offer so they will usually counter.So don't spend a bunch of time justifying your value.If you want it at 50k you need to start at 38k or something similar.Don't spend so much time on a property that you get emotionally attached on doing your first deal and overpay and say it's only 5k over what I wanted or 10k etc.Then you talk yourself into a bad to marginal deal.