Another option I have seen with a lot of people in the right areas of Kansas City with in walking distance of all the it places down town is nightly rentals, take a little more up front management and a cleaning person, but much higher rents if it can be done in the condo and town.

The Bay Area is a very tough place to get started.In the majority of markets in the United States I would be able to make my first purchase tomorrow and dive right in.

I bought 54 in ATL until the hedge funds doubled the price over night LOLI would suspect Dallas Austin and Houston have the local regulars that are cashed up and been doing it for decades.. most big markets have the regulars like that.

A few weeks ago I dived into learning about real estate and it has really attracted me.

It might be better starting off smaller rather than diving into too deep to an apartment complex or multifamily building.

I am very excited to dive deeper into the world of real estate, and meet new people with some shared goals.Also, thanks Mark, the BP Podcast is actually how I found out about the BP Forums.

It's also very difficult to move to a new city and quickly figure out where to target and find a deal.If it takes you 6 mos to source a deal and another 2-3 mos to find contractors to get started, you'd be looking at a lot of nights in an expensive hotel.While this may make for a great experience, it's not likely that you'll make much money doing it.

In my mind its just like trying to start in the RE sales game.. you need capital you need training and you need the TIME to get your deals flowing// it just does not happen over night.. you can go to REIA's and let the established folks use and abuse your time..

After some cursory searches on zillow last night, I almost immediately came across a property (a 4-family property) which is very close to fulfilling this goal.My questions are as follows:1.

The point going to purchase (or not purchase) whatever the numbers telling to purchase and what make you sleep at night.