about to close in 2 days on our first rental, debating on what kind of flooring to use in the basement. carpet the bedroom and stairs in the basement, but the living room/den thinking of Laminate flooring, the lock/click kind.upstairs is original hard wood floors. and carpet in one of the bedrooms. any one have recommendation on basement flooring. been told to just carpet it since its a basement and we live in MN (the state that gets freezing cold) (i also plane to install myself)

I will say, though, that I don't like cold-calling sales and I'm looking to develop a stable backbone to my financial life. 

The cold facts are as follows.I want in the Real Estate business.Therefore I will get my license and as I attempt to sell I will work in property management in an effort to learn more of you real estate people's vocabulary, vision, and perspective. . . and if everyone else is afraid of toilets I'll dive in! 

He had a successful firm in the Chicagoland area for around a dozen years until the cold and snow found him seeking warmer climates. 

I was just up your way out of Merritt at the Douglas Lake Ranch fly fishing.. boy it was cold but we caught a lot of trophy trout.. 

A 5 gallon hot/cold water dispenser. 

I'm going to be cold calling investors and bringing more gcs, electricians and plumbers.

I am willing to buy a property that is mildly distressed and put sweat equity into it if it is still rentable when I purchase.I know these types of deals are harder to find with our hot market but I am determined to make it happen and need a stream of leads coming in that I can analyze on a daily basis.I am primarily looking for cash flow & cash on cash return but also taking into account areas with potential long-term growth & appreciation.Any feedback would be great as far as what neighborhoods/areas I should primarily focus on and how I should go about looking for this type of investment (cold calling motivated sellers, driving to find distressed properties, etc.) 

Also know the limitations of that type of system, such as it takes some time to switch from hot to cold so you usually only do it a few times a year.

If you have a small number of properties, you're better off door-knocking or cold-calling *if* you know how to talk to sellers.