Developing a club would be one of my first objectives when i start considering there are so many benefits of being in one.Currently, i bought discounted books from gary keller and i have a few rich dad poor dad books.

I'm just getting started, but I think that the cash flow, buy and hold approach best fits my circumstances.

That 1% rule is a sure way to lose your shorts in the best of circumstances.

So I've been looking at SFR and multi's in my area and I've been coming to the conclusion that multi's may be the better option (under certain circumstances) in my area.My current property I've found is a 4 unit with est gross rents of 2450-2650 per mo. purchase price of 85k, repair est of 20k, with arv of 215-225k.

The units I do go after in which I keep s rentals are newer and in nicer areas but cost 2-5 times more than yours do so my acquisition costs and debt leverage amounts are much higher than yours.Fortunately, I have other sources and means of income besides rentals so I do not rely 100% on rental incoem to survive.Between commercial, flipping residnetial, land development, spec building, short pays, sub2's, etc, I have other income streams.Again, the course of action is up to each individual.

I am a newbie in Salida, Colorado working for a developer.

We always grow our business by finding the buyers first and developing our inventory based on what the buyers tell us they want.

First off, you need “boots on the ground.†You need to explore those markets and develop contacts there.

If your hands on person, you can pretty much develop the skill of a what home inspection person does, some people on this forum do there own inspection.

These would be offered to tenants first, but if tenats do not want I would try to rent to outsiders.Are you familiar with additional liability or issues that develop from renting garages?