One of my biggest mentors is Alex Calderwood, a very influential businessman to a growing niche in the market and a prominent face in the commercial real estate scene.

Keep in mind that independent 1-bedroom units typically have a premium, so price your single non-independent single bedrooms under those to find your biggest response.

It's my biggest ($ wise) project so far.

The downside of private lending though is that you don't get appreciation from real estate.

I know this may be hard to come up with accounts having lived at home, but try to think of a few.The real downside of FHA is the upfront and monthly mortgage insurance, but you can always refi to conventional after you've built up your credit.If you still cannot qualify on your own, hopefully your Dad will agree to be on the loan with you as a non-occupant co-borrower.

Our biggest concern is usually prior evictions or criminal background.

I would have to say talk with a CPA on this for your specific circumstances.If you are purchasing all cash with no financing, IMO your biggest objective is to cover your butt since your the one with all the skin in the game therefore have everything to lose.

I started in sales 7 years ago it's been a real challenge I was an employee all my life, the biggest thing is mindset!!

I was thinking about contacting the HR of NCR which is a fortune 500 company about 10 minutes from my rental property.Perhaps in 10 years, I can say that my biggest investment mistake i made in 2006 was one of my most profitable investment.

If you are planning to self managing, having new everything will reduce the number of late night phone calls to fix stuff which in my opinion is the biggest pain starting out.