(just a number but it's a realistic one)P/I =525rent =1150 (50% rule + 100 profit)Therefore, to secure a loan (not hard money, considering buy and hold strategy) So capital required is:$15K downpayment6 months @1050 reserves (monthly expenses minus profit margin)3700 for closing costs, any minor repairs,etcI know this doens't encompass every scenario, but for someone getting started, I think it's someone realistic.

I also learn from reading other's posts as I am an experienced investor in many aspects but not "all knowing" and education/knowledge is power!

I have over twenty years experience in almost every aspect of the electrical industry.Good luck everyone

This is the same for every aspect of real-estate investing.

Thank you for your responses.Jon, I admit, I didn't take much thought into the investment aspect of this property, however after reading your response, I realize ultimately every home purchase is an investment, good or bad.

This helps seperate you personally from liability arising inside the LLC.6) Land Trusts (Don't actually provide asset liability protection but do assist in several aspects)7) Additional Insurance (Umbrella Policy)

Webb, The most important aspect of a beginner is to talk to as many people as possible.

Originally posted by Mr_Investor:womens beach volleyball :mrgreen: Ranks right up there with yoga as a spectator's sport.

People (sellers) would come to my office and I'd have the deal drafted and if they said, how do I know you will pay, I actually laughed before touching on the legal issues of an escrow account and the physc aspects Mike mentioned.

UW needs confirmation/paperwork on nearly every aspect of the property/loan process.5.