I'd factor in an extra $500, not including fixing the source of the problem, which could be a cheap fix or an expensive fix...no way to tell from the video.

So, getting started really means you must have income from some other source that you can use for the qualification process.So, you're really looking at private money (i.e., from someone you personally know) or hard money.

I rent market rent and keep it there and if something happens in the local economy where the market rent still holds but is having some fluctuation due to a amajor source of local industry failing or something else; and that tenant stays, then I keep it the same if an annual increase would harm the investment or hurt the vacancy rating.

You've got to steer away from these conformists in the financial marketing world, they will not make you any money (unlike themselves).Now down the road you might go to the financial advisor as an expert on various aspects of real estate, with a proposal for how his/her clients can earn 8-12% returns with you, and you are considering accepting new investors that are a good fit for your program.

Ha I feel I'm in Real Estate Investing 103 instead of 101.One thing to keep in mind is that you don't want to dry up a mentor's time by asking every question you have when starting out.There is PleNTy of information out there to get comfortable with REI so I suggest you learn what you can before seeking out a mentor.Here are the best sources I've found:1) BiggerPockets (Congrats your past step #1!)

My primary source of income is my 9-5.

I was wondering if you all have come across this program by Lindsey Jean.

I think he is a solid source of information and advice and he spends a lot of time looking at different markets around the country.

I think from what I've gather, unless I can find someone(s) who I trust to somewhat "crowd-source" a deal, there are better ways to invest.I think my best bet is to find to find a deal and use my money as deposit for the deal.

Until then, understand the bank wants to see two sources of repayment.