Someone mentioned that it's illegal to use "rent" money for anything other than rent.

(I get it - I've done this multiple times myself, but you need a friend in the business to write up the bid because they are doing you a favor with no return)If you're able to keep these things in mind when talking to one, you might be able to mitigate some of these obstacles and actually get one out there.

We have very tenant friendly laws in Portland and would have to pay a "relocation fee" to the tenant if we were moving them out so we could move in.

When it comes to reserves, I dont use percentages for capex, I use real dollars, based on the age and life expectancy of large items (roof, hvac, water heater, and a buffer for other items).

Hey all,Does anyone know an investor friendly hvac guy to install a complete system in a house I am flipping in the Bagley area of Detroit.

This is why it is advisable to have the replacement property under contract ASAP, preferably even before you close on the sale of the original property.....time is not your friend.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

A friend of mine was just referred a prospective tenant by one of their tenants.

Me and 2 of my friends started a LLC through Incfile in Florida.

I have friends and family that have asked me about investing in real estate because they have seen that I have done a few deals.