See B3-4.1-01, Minimum Reserve Requirements.The reference is to the Selling Guide.

@Terry LeeWelcome.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.

Welcome to BP @David Hill For general advice check out the blogs, podcasts, Ultimate beginners guide and forum.

You can also check out BiggerPockets Ultimate Beginner's Guide to Real Estate Investing.

I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site.

Be sure to check out the Ultimate Beginners Guide as well as my 10 Rules of Successful Real Estate Investing.

Are there stickys or newbie guides for me to read?

Not knocking your guy but having done similar projects in Seattle in the past (even though growing up there and owning a construction company) we saved our you-know-whats by having a development specialist to guide us through the labyrinth that is the City of Seattle.The other thing I would do is really drill down on the numbers starting first with the construction costs.

I want to get systems in place and to minimize my actual hands on and babysitting of other that go with an actual JOB.I want to get to the point in the next few years (under 3) that I have the luxury, if I want, to surprise my son and pick him up from school.To be able to go back to Maui for a few weeks if I wish.To help other motivate and guide others that have no idea that they dont have to bust their butts from sun up to sun down just to get a paycheck and make it to the next.To spend time with family even if it is sitting at the table and playing a card game.I could go on forever, my point is my reason is to be able to enjoy life before it is gone.What is your reason why you invest in Real Estate?