It could easily be double that or higher when you factor in evictions and people splitting after a month and a half.

There are obviously costs involved with obtaining and maintaining a license to consider as well, but one successful transaction could easily cover your expenses for the year.Your upfront costs would be:- Classes / materials to cover the education requirement- Testing and finger-printing fees (for the actual licensing exam and background check)**You will need to be sponsored by a broker in order to have an active salesperson license, so you'll need to figure out this piece as wellYour ongoing costs will include:- NAR (National Association of Realtors) dues- TAR (Texas Association of Realtors) dues- HAR (Houston Association of Realtors) dues- MLS access fees (assessed quarterly)Again, most of the answer(s) to your question really depend on what type of investing you're looking to do.

Ron, yes, a bank won't be taking a back seat for construction finncing, meaning no second position.

You will get notified any time some one posts here, so that you can more easily find local investors that are members here.

If I use a LP, I'll have an S-Corp or LLC as the general partner so I get the liability insulation (this LLC's income will only be the flow-through NET from the property's LP so it is less likely to trigger the high LLC gross receipts tax that is easily triggered at the property level).

REPLACE ALL 3 WHITE ROUND TOILET SEATS.

Since they are publicly traded, we can easily track their financial performance every quarter.Here are some links to Silver Bay's annual financial statements for the year ending December 30, 2012- Income Statement (Annual Data): 2012 Income Statement- Balance Sheet (Annual Data): 2012 Balance Sheet - Statement of Cash Flow (Annual Data): 2012 Statement of Cash Flow - Full 2012 Annual Report (SEC Form 10-K): 2012 SEC 10-K Report

I'd really like to continue to ramp up, I had a goal to do 12 this year which I think I can hit fairly easily.

You won't save any money and could easily end up at an extreme disadvantage, especially as a first time buyer.

He had figured he could easily dig some shallow holes.