I am making almost no income off of it, maybe $50/month profit but i'm sure I spend that throughout the year on my rental.

I don't know the foreclosure process in Colorado, and I would recommend that you spend some time and energy learning it.

i think if you're a member of a real estate investment club - you'll find that most people will avoid you as a newbie just because they're too busy to spend time with a noob - but there is also a market - noobs present a nice market for experienced investors to make money off of and most will be pretty decent deals they'll give you.

I'd spend some time reading the many landlording threads on the site.

I have several commercial investors whom I have established relationships with whom have asked me to sniff of a few Apartment Building for purchase w/good cap rates and are willing to spend between $500,000. and $1,000,000.What is a fair % percentage to ask the broker to pay me for producing a ready to go buyer should they indeed purchase?

We're preapproved for financing, but don't have a lot of cash (we're planning on spending about $700-800k with 5% down).

I would spend some time getting educated, you'll never become a serious realestate investor without education.

If she asks you for money for a down payment that would not seem right.She may ask you for some money if you need to remodel it, however you both should have a detailed plan listing what you are estimating you both will have to spend to get the house into the shape necessary to sell at a profit.Its a tough call as you only known her 3 months I assume.

Hello Hank,Let me extend my hand to you sir, and say thatwe're glad you've joined our forum.

Seems like some people spend way too much and never save or invest.