I would get @Brian Burke’s excellent book The Hands-Off Investor to teach you how to vet the best syndicators and deals.  

I open up a credit card specific to the property and put all expenses that I can on that.Use an excel spreadsheet to teach expenses, there are plenty of templates around online, you can look for one you like to work with and modify it for your needs and to match IRS expense categories.

Excellent points.I wonder how many people get into this due to all the hype and then get out when they aren't making much money for the work because they didn't buy the right property at the right price.

I have zero debt, an excellent credit score, and a stable W-2 job in Civil Service.

@Joe S.A lot of places in northern Indiana have houses around this price point and an excellent labor market to support good tenants.

You should build a spreadsheet in excel that models your plan.

Of course if you can get in there, it's been pretty rock solid for decades.Totally agree with Taylor - BP books are an excellent starting point. 

Hello everyone, hope you’re all safe and healthy.Does anyone have an excel sheet or a software they can share for amortization schedule that reflects monthly change in principal/interest payments based on extra monthly principal payments I’ve been putting?

If so, the suburbs are HUGE, have excellent schools & you can hit every economic picker you are looking for.

I do support that Franklinton is up-and-coming area for arts, restaurants, breweries and retail.