When these homes get listed, we get photos and the 'dream of owning your own vacation home' So we have to start with price & location..if those both meet the criteria, then we hone in on weather we want one that has not been taken care of and likely not generating enough income to cover expenses or one that is fully themed and likely will continue to do well if all else stays the same.

This got us in the game with very little of our $ to get started.

. $20k isn't enough to get started, but it's some real progress.

Hi Daniel, Would you be utilizing one of the units in the duplex as a primary residence or do you plan on renting both units from the start? 

I would start by removing carpet and cleaning what you can, paint and then ozone as long as it takes.Ozone is cheap, but with fresh paint and new carpet it might ad up to $10k.

I started off in 2009 spending 3K on 5 liens and I got burned on two of them and lost most of my money.

Hey everyone, I recently moved to Dallas a month ago to start my career in wealth management as a client associate, working 40 hr weeks, with an above average salary.

Yes, for my first building I am looking to get into a 4 unit building to start.

FL is going to correct, its already started.

Make it as painless and easy as possible for them to leave so you can get possession of your house.I do however agree, start the eviction process right away just in case.