It allows you to delay answering any questions until further time and minimizes the discussion/debate as well as provides opportunity to think about all ramifications (I need to check with the owners or my partners- whatever wording you want). 

Adding a bathroom to the main house and some other minimal repairs (painting, new countertops).

Knowing very minimally of what I am talking about, I cant help but be drawn to a HUD home as a first investment.

I might cost to start up the IRA but the transfer fees are minimal.  

All,I know the typical way to minimize your exposure to capital gains and employment tax is to hold the property over a year.  

It will simplify and minimize your taxes.    

The six tenants who remain have all had their rent increased to $1200 a month with minimal renovations done.

Your task as an investor is to minimize those risks either way.

I always put my vacant properties in a land trust or LLC that will minimize your exposure and save you on the insurance.

@Steve RozenbergEducation will minimize your mistakes.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.