I've been thinking about enrolling in an education package on real  estate which brings me to the Catch 22 scenario-- not having enough cash/cash flow to invest in an education to start with-- but knowing that real estate might be a vehicle for me to start earning a second stream of income.

The vehicle you use is going to be dependent on where you want to go and how fast you want to get there. 

That I know of no one can go without eating, without buying gas to go to work on a project, without paying insurance on a vehicle they will use and they cannot work without tools.All expenses and items needed have to be itemized and agreed to before you make a commitment to a project with any partner.

Tools, Vehicles, Insurance etc....Your going to carry all that overhead for a couple jobs?

I invest in Indianapolis in several investment vehicles and am curious.

I set the vehicle up in an LLC for both legal and tax purposes.

In my opinion, the 1031 is the superior vehicle because there is no required timetable from original purchase to sale, and you don't have to live in the property.

Once you know exactly what it us that you want, your next action us to make a decision if you will use the services of other to help you find that investment vehicle or if you will pursue directly.

If so, your property coverage is limited to these causes of loss: FireLightningWindstorm or Hail (USLI often limits this coverage to a submitted amount on the policy, not policy limit)ExplosionSmokeVandalismAircraft or Vehicle CollisionRiot or Civil CommotionSinkhole CollapseVolcanic ActivityIf nothing else, be aware of the following, but I would recommend getting a more broad coverage from a competing insurance company for no additional charge that would include policy limits for the above windstorm or hail, and the following causes of loss: Burglary/Break-in damageFalling Objects (like tree limbs)Weight of Ice and SnowFreezing of Plumbing*Accidental Water Damage (think of a leaky roof that is causing water damage into your property leading rotting wood and or mold)Artificially Generated ElectricityMy Best,Ryan Leavitt

There is really a great Application  (app)--- BUT it is somewhat primitive - when mastered - it will be the best Application ever to make money with -  It could be expensive and take time to learn how to apply all the functions keys.The functions keys are easy to read  -- (but will take time to learn)Input dataValue - comparable sales and insights -  Time - liquidation period -Marketing CostEstimated Offered price $Net ProfitsCreative Financing OptionsHard Money FundingSecond OpinionThis Application - is all about you - you have it - and can improve it - become skilled and profit all the time when used.Real estate is a physical thing - it is the vehicle that's used to make thousands of dollars - real estate more importantly is about people - their needs - motivations - desires and problems.