If anyone has some good book recommendations I would appreciate it greatly also!

3) The book talks about buying a property for 20% discount, and by adding 5% it should appreciate by 10% in 1 yr.

Since the bank will pull the funds back out of your account when the check doesn't clear, I book the check against the rental income account and not as an expense.

I've read books and listened to the pod cast quite a bit, so my question is what advice would you give to someone new that they don't tell you in the books about long distance investing.  

Hiring a PM at this level isn't too efficient, but it allows you to set a standard of what to expect from your PM (if you decide to get one in the future to manage your large portfolio;) 2) Great for learning the rehab.

If you're interested in learning more, I wrote a whole book on the subject of finding and hiring contractors.

To BRRR it would be more like buy a 30K property, then spend 20K doing reno and then have a house worth maybe 80-90K that is paid off and producing income.If you are looking to do this both out of state and as a newbie, two turnkey properties is a clear winner in m book for your situation

Since deciding to get into investing I have listened to about 100 of the bp podcasts and read a few of the recommended books, I’ve taken the classes to get my CT real estate license and will take my exam on Monday.

Just know that you are buying time savings because ALL the information they share with you will be available in books, podcasts, or webpages.

Honestly, you might need to lower your standards right now due to your reported income.