Study after study PROVES that the best place to add a dollar to our economy is UNDOUBTEDLY in the middle to lower class households if the desired affect is to bolster our overall national fiscal health.

Hi @Ashli Addison, welcome to BP and the REI world, yes i agree there can definitely be an information overload with educating yourself in REI, but its good that you are now jumping to take the next step and get some forward motion on your business, while you will never stop learning taking the first steps and making real progress is a big accomplishment and one step most new people never take "study from the sidelines" but best of luck with your REI adventures and post up any deals/success/questions you get, we all like to see each other succeed,good luck,jay,

I highly suggest you to read, "The Ultimate Beginner’s Guide to Real Estate Investing".

I would suggest spending the few hundred dollars to test it from the get go just to make sure you don't find out too late and have done damage to it creating a "spill" which is a lot more money. 

If you have suggestions on funding sources would love to hear what you have found.

Hello to all,For the past year I've been studying REI books, listening to BP podcasts, lurking on the BP website and so much more.

However, for the amount you have, the expenses and paperwork, I wouldn't suggest going down this path. 

The only suggestion I would make would be to find a local REI club and just network.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

In Wisconsin, if your tenant has a lease, you have to honor it. however, I'd suggest asking the tenants if any of them want to get out of their lease early.