I am excited to learn more from the forums and continue to learn so much from the podcasts and webinars.

Could probably get $2,250 with some cleaning and fresh paint, while continuing to pay all utilities.I am considering, however, installing baseboard electric heat and sub-metering the system so tenants will pay for their usage instead.

Maybe my imagination isn't big enough, but I just don't see how all these smart folk here will continue to pay these prices.

It was very easy to go down to Bi-cap and talk to the person that handles my tenant.I'd go talk to them, and they can educate you on what all needs to be done. 

I have read and gone through a few of the forums, I listen to the podcast daily on my way to work, and have started buying real estate books to further educate myself.

Read some of the BiggerPockets books and it will get your education and mindset going.

So things that are a red flag for me may be fine for someone more aggressive.1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Studying your market and becoming educated will give you the best chance for success. 

The first piece of advice I would recommend is to start educating yourself in the area of investing you would like to focus on.

If you're not an expert in any of the RE niches, I'd say you should educate yourself first.