Dave, If you plan on holding the property for 30 years you will have expenses of at least 50% of the gross rents, you really do need to study the landlord forums to help you understand all of the expenses involved with long term investing.

More studying for me.

Learn your market areas. study them well.

I refuse to pay that much, for a "possibility", rather, i will study even further.I have found the JVF forms online in a govt. site, and I will do a large study on the background.

Its hard to mention the hood and not realize that there are race implications no matter how you cut it.As much as I want to make money in this business and have studied info, and watched it going on in my own area I cant help but to get salty with people's attitudes at times.

I think that you just really just have to study your particular market and pay attention to who's redeveloping where.

I am open to hearing advice from people who have been where I am i.e. good books, study courses or just a good place to get started.Look forward to meeting you,Joseph

Read and study before doing anything.

First, DO NOT p*ss away even one dime on any sort of real estate investing class, home study course, boot camp or mentoring program.

You don't know what to do with it because really, you're into socializing a lot more than just studying investment opportunities.