@Ashley Burns, I would look at the REtipster web site.

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

There is a longer version the VP and founder of this site wrote as well "How to Invest In Real Estate" Look for a black background with blue and white letters in the site bookstore or on Amazon.If you want some more good tidbits, want to hear some success stories and proven strategies, and want to be motivated listen to this recent podcast for newbies: https://youtu.be/XNrMOGuJ-wE Particularly the interview with David Green that starts around 1H:19M.The culture that @Cassi Justiz hit on is very real.

Check out the Illinois Rental Property Owners Association web site and look for a member group near you where you can attend local meetings.

Plus, there are the following disadvantages:- Bank loans can be called- Lines of credit can be frozen so if you don't use them, you risk not having access to the funds- Interest rates and payments can go upI guess I'm trying to avoid black swans and blowing up of using short-term credit to invest in long-duration assets like real estate.But, perhaps the fear of rising interest rates is overblown?

Keep in mind this was Oregon law every state is different so want to put that out there.but those slim balls that are wholesaler assigners who record contracts to basically black mailer sellers those are dirt bags in my mind.

Jack, I agree BP is definitely the best single source of real estate info on the web that’s not just trying to sell you something.

As someone else has mentioned there is always a demand for -B to to C type of areas, but it is not that black and white.

I ball parked around 35k due to vinyl wash, roof paint or replacement, adding an a/c system (assessor web site said none was installed, had space heater, and couldn't see any Central systems outside based on the photos) which could be pricey, that should leave me with $15-20k for the interior.

If you haven't already seen it, I do recommend the Bigger Pockets Ultimate Beginners Guide and the entertaining & informative BP Podcasts.I also recommend getting out there and meeting some other investors, for example there is the RIREIG group that meets monthly in Warwick and the Black Diamond group that meets monthly and alternates locations between Burlington MA and Worcester MA.