I have been thinking of attending OKC's local real estate investor association meetings.

It's a tool being endorsed by California Association of Realtors.

The damages, evictions, vacancies, and other costs associated with a bad tenant will almost always far outweigh any short term gain.Best of luck!

Then head on over to your local Real Estate Investor Association - most major cities have one and Kansas City is no different - actually KC has 2 REIA groups, 3 or 4 landlord groups and several other networking groups where you can LEARN a lot for pennies.Not that you can't learn for free, but most of these groups have a membership fee for their monthly meetings and a small fee for special training sessions.You can connect with people at live events, face to face and possibly find the mentor you re laooking for. . . . or you might go to some of the training workshops they offer and get the information you need to get started and then take questions to the REIA or even here to Bigger Pockets to fill in the gaps.If you print this reply out and take it to the next meeting of MAREI (June in Kansas City) you can go as my guest for free - just show it at the check in desk.

Geography and risk associated with neighborhood/tenant quality are a couple of the major factors in this (higher risk should equal higher reward).

You may find there are significant labor hours associated with things that don't require any special skills, like demo. 

Hello everyone;I am a twenty seven year old college student; nearly finished with my associates in general studies, soon to be transferring to the UofM.

The property needs about 5k in unanticipated repairs based on the inspection, there is a special assesment of $165 that was not disclosed in the contract, the roof on the building needs to be replaced and the association does not currently have the funds to repair it properly hence the special assessment.Long story short I don't want to walk away from this property because these are all issues that can be addressed so I countered with a lower price based on this new information.  

What are the cost associated with setting up the SD IRA with checkbook access.Thx

In addition the property manager does not collect 10% from the Section 8 subsidized income portion of the rent as "she does not do work associated with collecting the Section 8 portion of the rent."