Invest some of it into resources that would help you gain deeper into the world of real estate, meet people already doing big things in that area (you ca find them on here).

It might even be worth north of 100k but I am not going to delve into comps further unless you tell me you are the one who has it under contract.I also notice it might back up to something unattractive.

I would dig a little deeper on what your expenses and repair costs would be.

I have a friend who asked me to manage his rental, but I cannot because of this:Everything I read says that you must be a real estate broker to manage property for an unrelated party.However, when I try to delve further into this, things become unclear.Some say that a real estate agent can manage real estate.  

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(1) Find cities that are secondary to high growth areas like Nashville, Raleigh, Atlanta, Tampa etc. (2) Look at Zillow and find potential rentals (3) Plug them in to rentometer (4) Once you get a sense that rent to purchase price ratio looks pretty good, start diving deeper (5) Find an agent, learn more about population growth, job growth, and local legislation.

Of course our pipes are much deeper here due to freezing, so it involved a back hoe to dig.

While I'm purely in the thought exercise mode right now, I'd like to delve a little deeper and explore how to structure a deal like this.

And he may have deeper problems, who watches porn just to see the furniture?

Seems like the deeper we dig, the more we find, but I have no idea what is normal vs. low.As far as REIAs go, we went to one, but made the mistake of saying, "we're new and we want to do everything!!"