. $400 for materials, ther rest labor...I can't afford that.

I'm GC myself and loaded with work just because of my overhead at minimum, right scheduling and planning and the lowest material coast on the east coast.

Hello everyone..i really want to leap out on faith and actually take action and buy a rental but can i really buy a rental with 25-30k..or should i maybe invest more in materials ( DVDs) on exactly how to do deals or exactly where to start.I know this is not possible in New york but has anyone successfully bought rental in states other than where they live?

Also, everyone, if you notice anything said here on BP (or any site) showing up in materials being sold, please let the author of that material know what's going on.

PC just keeps on goin...I've had them driven over and knocked out of the (destroyed) steel frame, with barely a scratch; even shot at from a distance- no hole, not bent, just a "star" in the paint that was easy to touch up.

You get the funds to replace the structure with similar amenities (sq ft, etc) but with modern materials.

I know at one point Vena Jones Cox was offering part of her actual marketing material.

If lots, then keep good records for contributions, draws and equity splits.Revenue:Rental IncomeOther IncomeExpenses:HOA FeesMortgage InterestProperty InsuranceProperty TaxesRepairs and MaintenanceProfessional Fees (such as accountants and lawyers)(Anything else on Schedule E that you doOther:Interest IncomeFlipping Business should include:Assets:Cash AccountsMortgage Escrow Account (if appropriate)Projects in Process (one for each project, ideally)Tools and EquipmentDeposits and Prepaid ExpensesLiabilities:Accounts PayableMortgage Payable (one for each property)Other Loans PayablePayroll Tax Liabilities (as applicable)EquitySame as aboveRevenue:Property Sales RevenueCommissions Revenue (if applicable)Cost of Goods SoldProject ExpensesExpenses:Most of your job expenses will be recorded in Projects In Process as an accumulated asset and then moved to Project Expenses when you sell the project, so there's no real need to separate out expenses such as Materials, Subcontractors, Holding Costs, Utilities, etc.  

As some other members have indicated, real estate in the US is driven by local demand and supply so therefore for most markets should do well as long as the economy continues to produce jobs.  

What material is the exterior?