Michael Grasso it depends on how risk averse you are and how far from the property you feel comfortable to be.

2) Property Managers - Typical fees to be expected if you want to use them to find a tenant, and of course manage the move-in/move-out, and monthly rent collection etc3) Out of State investment - I know almost everyone does it, but do you feel that I should travel out there at least once, and see the properties I'm about to buy, or do realtors give virtual tours, and help you out as much as they can to create a comfort level you need to buy it sight unseen?

I met both side tenants and was more comfortable with the section 8 arrangement.

I like wire myself, that's if your comfortable sharing your account information with the title company.  

. $1,000 and up would get you a decent place, but anything less and you're not living comfortably.

Most folks feel comfortable that a property held for a year satisfies that demonstration of intent.  

Ask him at what point he'll be comfortable with real estate investing, that way you both are clear on the criteria. 

Look at the property, the comp, the projected rent, apply the cap rate that you are comfortable with and compute what you think an investable price is for you.

Take it slow and try to learn enough that you are mildly comfortable and understand the concept.

I'm perfectly comfortable with the above rates and terms, but I'd also like other opinions if they are out there!