Erin E., even though I am in NY but the property we are discussing is in oil country which has been one of the hottest markets in the country right now.

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