With all that said if your only goals are to 1.) generate $1,000 monthly cash flow 2.) by using less than $80k and 3.) find a r/e focus that you like and can continue investing with I can tell you I am helping folks in southern Ca do this right now.The real question is will you LIKE this "niche" of investing even if you make your $1000/mo cf.

- E

E's (and ongoing monitoring), is time consuming and costly.

E)Use wholesalers, since, unlike realtors, their reputations and livelyhoods depend on maximizing cash investor profits.

Kenneth E. - ThanksDerrick Moore - Thanks.

Craig E.

I continued by financial education by reading some more of Kiyosaki's books, Think and Grow Rich, Good to Great, The E Myth, How to Win Friends and Influence people, and a bunch of others.

Originally posted by Sydnie E.:...

.* Schedule E's for 2-3 years, compute true economic vacancy rate (actual rents divided by potential rent)* P&L report for prior year and current YTD, including amounts spent on capital (depreciable) items.* Current rent roll, lease start/expiration dates, sec deposits, past due amounts, copies of leases* Statements from tenants: rent amt and expiration date, security deposit amt, who pays utilities, any "understanding" with the landlord that they claim to have* List of capital improvements made past few years* Call utility company to validate amounts in past 12 mths* Call three independent agents to get insurance quotes* Look at at least one sample unit prior to making offer; look at rest when offer is accepted

,Credit card interest You will report that simply as an interest expense on Schedule E except when paid before placed in service.