Don't spend time looking at unrenovated housing approaching 100 years in age.

@Daryl AskewNo I haven’t I read a article last night on BiggerPockets and spending too much much on gurus and buying every REI course I see that’s why I ask does anybody any great in Atlanta without waste time on unnecessary course and gurus that haven’t help newbies like myself.

If I buy a house in January, spend 6 months rehabbing it, and then rent it out in July, do the holding costs during the first 6 months (prorated property tax, mortgage interest, insurance, utilities, etc) get deducted from rental income, or do they get added to the basis of the property?

Last week, I got my first 2 with total spending limit between them of $15,000.

I'm not fond of your Houston purchase because you didn't gain much value after spending over $25k.

A lot of people spend more than that on a car. 

I will need to spend some time to really decipher your pillars. 

@Ben Leybovich and I will spend dozens of hours underwriting a property before determining our price range. 

I'm new to this and while I can learn I do not have the time to spend on the short term, so I don't want  to put all my assets in that investment account with something I'm not familiar. 

While you need to be responsible and not spend money you don’t have, sometimes a nice dinner or a new piece of equipment you have been wanting is all you need to give yourself a boost.