@Ryan Steele, I totally agree with you but the reason for me asking the question about the cost was because when I went on the site, the only cost that was listed was for people interested in becoming a member and not a cost if I was just interested in attending the meetings.

@David Lee Yes, you mentioned rehab as I was wondering the total cost needed so you can get those houses occupied at the $500 or $550/mo mark.

While you get your own finances set right, you can continue to learn and learn and learn.Then I would say, "Yes, getting your license can provide many benefits in your RE investing, although it isn't totally necessary to be successful."

How much is the total rent?

Actually bought an REO using the FHA 203k loan program, it pays for the property and repairs and still only requires 3.5% down of total so I was still able to create equity by doing repairs.

This also is subtracted from the total to arrive at the maximum bid.The point is to start with a simple formula and replace with real estimates and actuals as soon as you can.Hope this helps.Bill

The downpayment is roughly totaling about $160K which each partner should throw in about $55K.

Totally different.But, yeah, agreed, it's a our backup.

Here's the details:Purchase Price: $62,000Closing costs: approx $3,000Monthly Rent ($725, unit 3&4 currently rented)Unit 1- 600 (2br) -newer cabinets and carpetUnit 2- 450 (1br) -newer cabinets and carpetUnit 3- 350 (studio)Unit 4- 375 (1br)Monthly Expenses- ($488, not including management or maintenance)Insurance- 83tax-138 water- 47 (total house-city won't provide separate meters) trash-18 gas-50 (owner pays gas for unit 3 and 4, 1 water heater for both units) electricity- unknown sewer-26 unknown (estimate based on local rates - 26)Maintenance ???

We've had larger snow totals