Inspect the property have your contractors give you a bid (you could also do inspections prior to a contract but you may need to spend money for bids, so know it's a deal first).

My pledge always stands (and unfortunately I have had to honor it before), If you spend money coming to my event, and are not happy, I'll pay you back.

If you're spending time with someone who can't perform, you're wasting your time.3.

The fact that they will have to spend zero on rehab and vacancies in the beginning will make it more attractive to another investor.

Here's a little worksheet I uploaded that will give you a good idea (reality check) of all the expenses and other considerations that you will face with any rental property, but multi-family in particular has more expenses that may not be immediately evident. http://www.biggerpockets.com/files/user/d1beard/file/buy-and-hold-analysis The Cincinnati REIA is worth a visit (first visit is free), though for me the jury is still out on the value of spending a lot of time with it.

I'd like to free up some of my time to be proactively cold calling/prospecting for leads.Although these virtual assistant are not in the US, they still operate on PST when I need them (9-5pm M-F).Tasks I plan on handing over to the VA are: admin work, research lists, bills, etc. but also following up with current clients that I'm working with in my pipeline.While it'd be great to free up the time that I currently spend following up with current clients, I'm worried this will come off as impersonal to clients.

Old stuff has more problems and it's tough to fix right unless without spending a ton of money.

Thank you for spending a little of your time to school this newbie.

If you run into an extended vacancy or only a few unexpected expenses this could turn out to be break even at best--at worst it is an alligator.

Jeff just based on what you have said and your previous topic I do not think you will collect a dime and will spend more money.