Hello, I am a rookie investor trying to understand how to invest in my first property without losing my shirt.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

@NaDean Bowles - I want to understand correctly.

I am willing to learn as much as possible so please suggest materials and conferencesThank you Just a word of advice, if you ask for advice to be honest most people are gonna try to sell you on their market and ultimately their service or course, you need to figure generally the direction you want to go, your risk tolerance, the area, the trade offs between appreciation and cash flow, understand, it’s going to be hard to get much if any cash flow in this market, brrring & flipping are close to dead with the exception of a few areas in dc and a few rural markets, even there it’s difficult, come up With a basic plan than go into a conversation with whoever you work with and at least understand the right questions to ask, the best comparison I can make is my mom always makes me go to the mechanic with her, even though I can’t actually fix the car, I can at least talk the same language as the mechanic.

I'm a hard asset type of guy, so bear with me here, I understand the foreclosure process, done a ton of those, so arrears and payoffs and legal fees etc, I get.Loan modifications, I've helped a lot people get those.

Just kidding.. but as you already did, consulting an attorney to understand your liability was the right move.

I’m still tempted to start locally then branch out once I understand my work flow a little bit better.

@Joseph Fenner first, understand you will need to decide and UNDERSTAND the different Property Classes!

I've had owners try to steal tenants right after we placed them so I understand their apprehension.