I am a very thrifty and frugal shopper, so the vast majority of these items have come from Goodwill, Craigslist, etc...

You generally split your draws up in major steps, for example my current property requires about $50k in repairs, of that $20k was the roof, $10k was the knob and tube replacement etc.

Hey Garrett, I’m also an investor in Dayton, and the majority of my properties are also in Dayton.I’d love to talk and share all the information/resources I’ve got.

I often break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.The second pillar is a good insurance policy as that cover the majority of your exposure.

@Alexander Grullon Quitting a full time job to do real estate is a major decision and needs to be done responsibly.

Really they take on majority of the risks associated with a lawsuit.  

I am in the process of buying land outside of a major Texas city.

If you go to college, choose your major carefully.

Buying a run-down junker may look good on paper for cash-flow purposes but it can eat your lunch when a major system fails and has to be replaced.

They are underinsured believing that a n llc is some magic shield.If you go the llc route then sit down with the proper professionals and understand exactly what you need to do to make it a viable llc -the ongoing work it entails-and not one of the majority of slap-dashed llc’s that do nothing but give people a false sense of security and accomplishment.I do not have my buildings in an LLC.