Hit them in the cool of morning or evening.

I have clients that own 1 to 5 vacation rentals here on Mau i and once you hit that threshold of 5 you may be put into a commercial status (5+ units), so qualifying can be a bit more difficult, looking at such things as:What has that person owned and what has been their management experience collecting rent and managing propertiesThe borrower's credit score, income and personal and business tax returns will be considered along with two years' operating statements and a current rent roll for the property.Also important are property metrics, such as: Net operating income: The annual income, minus expenses that a property generates from its operationsDebt service coverage: Measure of cash flow relative to debt payment obligationsLoan-to-value (LTV) ratio: A measure of the loan amount relative to the value of the propertyThe property has to service its debt at a comfortable marginOf course each lender can be a bit different, so it's good to shop around if needed.I hope that helps.BTW - what do you consider big money?  

The meetings are great and its the first place a lot of property is presented before it hits the market.

Anything is possible.Would try to find mentor that can teach you the ropes now, so in a couple years you can hit the ground running.Starting trying to meet investors, realtors, and agents, locally and take it from there.

Some streets are hit or miss (like the rest of MKE) but I think good tenants looking to get out of some of these other areas are looking in and around this neighborhood because of the price point and there are investors putting money into properties there.

Guys,

Hello and thank you for all being so welcoming here on BP. My partner and I have been working on investments for sometime now, mostly condos, single, and multi family properties. We started this the grass root...

@Steven Duck  what you describe the most likely way you would get started is simply with private money IE mom and dad aunt and uncle  good friend from child hood etc.seasoned investors would be a pretty tough go for some one with no capital and no experience.Suggestions:Now I know Minden is a small market but Reno is not... get a RE license go to work for a commercial broker ( part time if you can) and learn the business the right way.. by being around seasoned pro's who actually do deals.. on line training is hit and miss at best.. you have your rah rah buys like posted above who sell information... and you have your very experienced professionals Like @Don Konipol who give you a reality check. if you want into the business get in the business in a professional manner  sell some of these earn commissions learn as you go along then once you have put in some apprenticeship and have some experience to back up your desires you will find it much easier..

Have those cash reserves ready so when we hit another bump you can clean up on those people that made poor decisions.

I need to know truly my financial hit on this property and I would LOVE TO KNOW the starting bid if all possible.Any help would be greatly appreciate it.

Hit them with a direct mail piece on the 1st of the month and an email on the 15th.