Otherwise it's in great condition, but it would not pass an FHA inspection. 4. 12 month rule - Typically, you cannot rent out a home that you have an FHA loan on until you have lived there for at least 12 months, unless you refinance to a conventional loan. 

As a newbie looking to get back into the game, I gain confidence and find inspiration in every blog post, forum post, podcast, and book I encounter on this site. 

While direct mail works, I get about 5 mailers each month on all of my properties and they typically go straight to the trash.

@Joe: If I may ask, what is the typical investment amount if you care to share that.

Not lose money, of course, but less gain.  

An typically add 500-800 cash flow to SFR in certain areas.

@Ryan Van Fleet It is not unusual to see $650 though I think $500 - $550 is more typical. 

Madison has one that meets twice a month which you could check out at www.madisonreia.com  They have about 60 investors meet at any given meeting and typically about 10 brand new investors will peek their head in each month.

I hope to glean from others experience as well possibly be able to give some helpful thoughts from time to time on areas that I have gained knowledge through my property management and my new endeavor as a realtor and investing.

Here are my thoughts based on some avg #s$1980/2 = $495/mo x 4 units1 bed/1 bath units typically rent around $400/mo so my initial thoughts are how did they get almost $500/mo for these.Lets say you get $450/mo x 4 = $1800/moProperty Management - $180Taxes - $200Insurance - $100Water/trash - $200Vacancy - $180Repairs - $180Cap Ex - $100Total expenses -  $1140/moThat leaves you with about $660/mo before any mortgage etc....