I ended up being in it too deep so I won't go into the numbers ;)The major things I learned:The most expensive thing is cheap laborA strong contract is your best friendSticking to a contract and payment schedule is important.

@Aaron MazzrilloThe financials are important but:A - numbers are cheap and light; you can buy more and move em around to get the propforma to look good.B - in terms of management the numbers may or may not tell the story.Here are the questions:1.Who is in the building?

But in many areas and for many lifestyles renting is the cheaper alternative.Yes, there are places where houses are dirt cheap.

Sometimes hard to detect, can be very costly in wasted water, and very cheap and easy to fix.Check for drippy faucets.Most water meters have a leak detector on them.

<g> So why should I knowingly set myself up for more trouble rather than less by using cheap materials?

This is beneficial to land developers because it is quickly constructed and relatively cheap; however, this type of foundation is more susceptible to shifting soils.

Don't get a cheap one - get an architectural type with limited barrel distortion.2 - Take your pictures from a lower angle, it makes the space feel larger.3 - Don't aim at the corners4 - Close the toilet!!!

Although 54% of their buys are in Raleigh, they have property in 12 different towns, all but 3 (Raleigh, Fuquay, Zebulon) where they have less than 10. 5) these buyers must be buying cheap property....

Property manager is a low income activity.8% is actually cheap as around here it is 10% and half of first months rent.

But with the interest rates as low as they are and the houses as cheap as they are here, I want to do this now.I look forward to getting to know the real estate scene and all of you.