I own some land next door to a Skilled Nursing home who also has an Independent Living Facility.

I've been studying a lot of people who do real estate professionally and I've noticed a lot of their skills are personal and interpersonal ones, so I'm developing those also the best I can.

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you:Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.For instance, I know that a full gut and remodel including new toilet, new vanity, mirror, sink, glass door enclosure, stone/tile on shower walls, etc will run me $2500 per bathroom.

I'm thinking about keeping it simple with rents in the $200 range and then applying some of my technology skills to add value with Internet for the office, free website/email hosting.

There will not be a shortage of contractors so if they don’t want to work with you then move on.

There are so many different avenues you could pursue, so take some time to learn a little bit about them so you can figure out which one makes the most sense with your financial positions, experience and skills, and goals.

Work on your people skills ('How To Win Friends & Influence' is a GREAT book for this) and you'll barely have to worry about your deals being stolen.

He is also loyal to those who appreciate all he has to offer that a price isnt put on, such as problem solving skills, knowledge of proper material selection for any given applications, jobsite oversight and leadership, conflict resolution, layout and design advise, etc.

We expect to reach financial viability in Year 2 with 12 transactions (minimum $60,000 in revenue)Personal Strengths:Market analysis, After Repair Value Estimation – ExcellentNetworking & Communication Skills – AverageAreas where growth is need:Rehab Cost EstimationStructure of DealsMarketing Tactics

We tour them in performing arts centers across the country, music festivals and clubs, so at least one thing I bring to the real estate table is negotiation skills :) I'm sure I'll be picking your Will Barnard and Joshua Dorkin's brains a bit.