They will improve your rankings too.

Since I entered this arena I have presented deals to investors that have lead to over 100 closings as well closing on multiple units myself.As far as my investment strategy, I believe in practicing what I preach.

You'll get a good idea what standard practice is in the area by doing so.This worksheet should prove to be handy for conducting your interviews:http://www.biggerpockets.com/forms/Property-Manager-Worksheet.pdf

I am currently a college student and am using my time in college to gain experience before investing. my question is how practical/ beneficialit would be to work for a local property manager.

Save money for awhile.The easiest way you might start is trying to position yourself to buy a small SF house, live in it, make the improvements over time and in two years take the gain tax free.

In theory it is easy but in practice I find it to be A. difficult and B. kind of nerve-racking.First you have to find a buyer that will sign over the house and agree to leave their mortgage on the property.

With RE you can use leverage to improve the returns if you do get appreciation.John Corey

the more you go the more comfortable you will become and your confidence will improve over time.Remember, you will never learn to swim without getting your feet wet.

Doesn't meet my criteria.But hey- you bought it, knowing damned well you couldn't pay for it...or...cashed it out...not to improve, but to go on vacation....Now you're stuck, and I cant even help....but I will be there when the bank resells it, cause at this point in time at least the bank knows they made a bad decision, and you may not have the equity to sell at a loss, but hey - the bank can.

What are some creative ways to improve the cashflow?