I want to learn as to what it takes to be successful in the chosen field.

So, you're considering just gambling on continuing (paper) appreciation?

The numbers make sense somewhat now, but the big gamble is that this location will be a great target for appreciation.

In the article, "As if that were not enough corruption, Congress authorized vast amounts of TARP bailout cash taken from taxpayers to be loaned directly to the worst-run banks, those that already gambled on mortgages and lost.

At the same time, I know that real estate is generally a "get wealthy slowly" kind of business (significant wealth and retirement doesn't happen overnight).So this got me thinking - how long do you think a investor should stick with their chosen niche before they see results?

We have chosen to form an LLC for the three of us.

@Rich S.We rent b, c and d class properties and have chosen to retain my d class properties but not buy anymore.

As part of that meeting, a move-in/walk through date is chosen .  

Hello, I have chosen a house in Mesquite, TX.

Gives me a bad feeling the more I look around haha, it's not ghetto by any means but it's not necessarily promising either....somewhat of a gamble in my eyes.My basic plan of attack: I'd like to attempt house hacking initially, get a feel for owning a house, renting things out, and working it that way.