@Brenna Wood honestly, just read the book on managing rental properties by Brandon and his wife.

The standard calculations are usually 7% - vacancy, 10% - repairs, 10% CapEx, 10% - still for management.

The book Millionaire Real Estate Investor says Criteria is non negotiable.

Once I got comfortable with analyzing deals and had a solid knowledge base from the forums, webinars, @Brandon Turner's "The Ultimate Beginner’s Guide to Real Estate Investing" and @David Greene's "Long-Distance Real Estate Investing" books, I hooked up with an agent in St.

I have read all the books, searched all the markets, began my networking, and created a 5 year plan for the start of this investment company.. bigger pockets my question to you is where do I step next? 

But just make sure that there are other properties with the same standards in your area before doing this.

This way you have an LLC with the taxation of an S corp.NOLO Press has very good website and books on entities and how to run and form them.

Are there any meetings or books/podcasts that any of you would suggest to get me started?

What’s the standard unsecured LOC interest rate and closing cost%? 

If you find yourself in court you will be held to a higher standard and could lose if determined that you used your superior knowledge to take advantage of a non-licensed person.