I highly recommend the Ultimate Beginners Guide to anyone new http://www.biggerpockets.com/real-estate-investing, I also love the Podcast I've listened to them all and look forward to Thursday's for the new ones.

@Craig PriceWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

@Nicole Williamson I am in TN, and normally this wouldn't be a concern.

My main concern and the catch is that the market for such a business is limited.

., when the mortgage is gone and we're paying this fee every month for the remainder of eternity) how big of a difference does that make as far as cash flow is concerned?

Also, Not concerned about my profits.

Great time/area to get started.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Toilets, tub, moulding, carpet.Needs new kitchen, room, rugs, spackle paint, driveway, 2 whole bathrooms and 1 bathroom updating.My concern is the two upstairs bathrooms have this gaudy italian tile which only certain people would like.I am thinking if I took the low comp, $425 *.70 that equals $297 - $100 in estimated repairs, that an offer of $200 is where I want to be.

Here's a good place to start: Ultimate Beginner's Guide