Frankly, if you have no experience, you really need to stay away from individual investors unless you are related to them, IMO, if Uncle Ben is willing to loan you money, go for it.If you have no experience, you'll need to let them know you know what you're doing, how you do that might be hard, but try to put that person in a position of control as much as you can is my advice.

I 100% agree with Ben on the range for PM companies. 

Th authors need to read this thread by @Ben Leybovich http://www.biggerpockets.com/forums/52/topics/1700...

Hey Ben,Trading stocks for 15 years, investing in stocks for 15 years, hard money loans NYC for 3-4 years (15-16%) and rentals for 3-4 years.Investing is investing.  

@Jay Ben   Probably the honey pot is cash on the courthouse steps, but no free lunch...will be plenty of bees. 

Here are some banks we've worked with and thought were really good as well as the lender we're working with:- Bank 21, Tyler Knott- Fidelity Bank, Steve Umphrey- Cornerstone Bank, Michelle Guthrie- Great American Bank, Ben Compton- Alterra Bank, Beth Decuir- TriCentury Bank, Travis Hicks- Argentine Federal, Debbie Cornelius

-Ben 

I believe Ben Leybovich wrote a blog post on how properties renting for $600 or less can not cash flow over the long term.. can someone confirm or deny this?

@Ben Valentin, I would keep saving.

Then he says something like "a smart man once said the best way to make a decision is to list the reasons for going ahead  on one side of the line and....At that point I started laughing out loud and blurted out "Don't tell me you are going to use the Ben Franklin close on us!