I haven't allowed for much of a ramp up period and as a result, haven't budgeted the funds to cover the expenses in the beginning.

As a beginner, I think you should consider using a real estate agent to purchase the property and a property manager to manage it.

@Etahn Smith In Bergen County having laundry on the premises is a nice value add and a great selling point, just be sure that the machines stay in good repair and that the ratio of machines to tenants is favorable to avoid tenant disputes. 

It's a pretty light job, needs new flooring, interior and exterior paint, resurfacing the kitchen cabinets, counter tops, landscaping and a few other minor things, doors, trim, broken toilet, ect. 

San Diego is very difficult and a little scary.I hope I get to make many valuable friendships from like-minded individuals.   

Your “what” questions are really key and a great takeaway I use from the book never split the difference.I’ve found that the best negotiators are those who first listen well and second aren’t afraid to start with an uncomfortably low offer at first.

They use a financial advisor to over see the sale of a triplexes in Brooklyn and a multi in Honduras.

Hey @Lou Elson,Welcome and a question. 

I am sending out 130 hand-written yellow letters to absentee owners and tax-delinquent (multiple levels of motivation,) as well as approximately 500 handwritten notecards to individuals from inheritance, divorce, and a couple other lists (that I got from Listability.)

PIF them if you call each month (Pay in full).Good news is when you go to do a Refi, you can plan ahead and pay the cards off a month and a half before so they report the zero balance, your score goes up immediately.Also, two cards is not enough,  4-6 cards start helping your credit.