folks can get their foot in the door  when your total cash net worth may be 20 to 30k.. you can buy a nice little cash flow home in many markets for 60 to 80k and now that lenders are back in the game and some are doing the ultra low value mortgage loans again at bank rates.. someone with 20k can put 15k down on a property .. have 5k in reserves and make a hundred or 200 a month cash flow and get in the game.. this is what drives out of state TK business plane and simple.. 

They now get 1,200 a month rent and are worth about 135k or more.The stuff selling now  sub 75k is in the crap hole areas of GA I would never touch with a ten foot pole.

We will pay water only.Home value  would be around 100.00 sq foot after rehab we paid 110,000.

> What about transportation expenses for visiting rental properties.On paper, miles driven is almost always in the 'depreciation' category if you look at the fine print.

Writing down your goal is important in achieving it and that's what you have done.Now, with that said since you are not familiar with the niches, I added three of the most popular ones for you to review and decide on one, focus on it like a laser and then expand your footprint to the others at a later time.Don't be afraid to revisit the forums to pose questions which you may/will have.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

You complete the training, take the test, get your finger prints / background check done, then you "hang your license" with a principle broker for 3 years.  

Just one foot in front of the other. 

$35 per square foot!

Here’s my rational to taking the deal: I like the both of them very muchI believe they would be great tenants to have (no headaches)I can lock that unit up for several years for consistent cash flowMy rational for not taking the deal:Substantial rent reduction for the first 6 monthsOverall under market rent paymentMy question to you members is it worth taking the reduced rent reduction for the first 6 months and have overall cheaper rent per square foot in order to lock up cash flow and have, from what I believe, a great tenant? 

Btw it's a 632 square foot house that we call home :)