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I'm starting to take the first real steps towards making my first investment and thought I'd throw a couple questions out.

Most franchisors and banks will not let you maintain the flag (brand) or finance the deal if you do not have a proven track record or a management company in place.

I printed the instruction book online (seller didnt leave it for us) and am going to walk through it and check the troubleshooting steps too.

Makes sense but I'd also confirm the markets check out based on other criteria that's been proven over time.

Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideSee you around the site!

Answer every call that comes in.Do your best to qualify them on the phone.When you get calls capture their email address (I made this mistake)Keep mailing to them and don't quit.Good luck Anthony I'm sure you'll do we'll you have already taken the first step- ACTION!

Next step is deciding who will speak at my meetup and securing a location and exact date.

You may step into the shoes of an interest party and get some right to redeem, but that does not mean the mortgagee has to settle for less than the entire amount due under the note.

This step eliminates the tyre kickers and leaves us with a pool of reasonably qualified applicants.