What's the typically management fee and are there professional management cos in the area? 

The picture becomes more clear and your REI team grows as you move through the process.I prefer apartments due to the professional vendor support, among other reasons, but all the classes you mentioned are great and there are strategies, markets and investors that are suited for each.

Be sure to pre-register for the meeting so you can attend your first one for free - otherwise its $25 at the door- or you can always join.

Is there anything I can do to estimate repair costs although it sounds counterintuitive because that's why you have professionals.

We are planning on 'saving him' for when we might identify another porperty at say an auction where we need funds ASAP and can then refinance to pay it off.The other restrictions that I have found from the big national guys is that  they dont like to lend under 50K, require 30-40% or more down, dont like building pre 1950s or so, and dont like houses that have been converted to multifamily - they in essnece want a property that is easy to sell if they have to foreclose since that one property is their only recourse.Hope that helps a little. 

I've talked to a couple tax professionals since then and been told that that boat has already sailed.  

What to Look for in a Real Estate AgentWhen buying a home, you want a real estate agent who… Takes the time to understand your needs and goals, so you have a true partner in your home buying journey.Explains everything clearly and answers your questions, so you’re never in the dark.Has expertise and a track record of success in the local market.Knows how to find great properties in your price range.Will alert you to new listings, quickly, so you get the jump on those opportunities.Will advise you on the best price to offer for the home you want.Will prepare and present the offer, and skillfully negotiate such things as price, conditions, closing dates, etc. so you get the best deal.Will save you potentially thousands of dollars by ensuring you don’t overpay for the property you want.Will recommend reputable home inspectors, movers and other professionals you may need.Not every real estate agent offers all of these services.

I’m a new investor looking to build my team of knowledgeable professionals.

We are trying to think of some ways to target people who need to sell, but don't have the obvious characteristics that most investors target (run down exteriors, pre-foreclosures, etc). 

I have been a licensed Real Estate Agent for almost 10 years and have also branched into wealth and risk management as financial advisor. My start in real estate investing came when I began working for a real estate i...