Watch out for minimum loan amounts for conventional financing in your area too, the property needs to qualify as well. :)      

@Kevin Schulte well said and i watch the webinar to "quit my job" that makes more since now cause I can take notes now that your message is easy to read.

But only certain type of digital locks will work with the hub so make sure you watch out for those when setting it up.  

It takes more than money to be a continued financial success in the real estate business.The Hard Way – Start from the bottom and learn the business – study neighborhoods – attend auctions (don’t bid, just observe.Take courses – but be very selected – don’t over pay – don’t chase the Get Rich Fast programs from Fast Talking Know Nothing Promoters – most of them are trashGet in the field – drive around – farm – talk to neighbors – get listings – call FSBO’s, have agents keep you informed of trends and off market properties – train a real estate buyer’s agentLearn to make offers – but first you need to know what to make offers on, you must understand clauses and contracts – you need to know and understand every word and what that word will do for you or how it can hurt you – my clients are trained to use a contract form we call a Skinny Contract – it is a one page document – it has the address – the offer – and clauses that allow you to sandwich yourself in for an assignment fee and most importantly – full disclosures and what happens if you cannot settle – Set goals ----yep – sound silly, but it works – set a goal to look at 50 properties – My clients call this the 50 house rule – select an area – make appointments with FSBO’s and agents – keep a journal, write down everything about the property especially the cost per square foot, financials, the owner and the building – look at 50 properties – but don’t make offers – just look and study the market – A doctor will studies for years, watches others doctors slice open patients and after many years he has a chance to be a real doctor who has learned to heal people – study your potential profession and work as hard as a doctor would – expose yourself to experience – your job is to know your market better than anyone – it takes a medical student many years to reach their potential – you can earn as you learn without spending years in the process.Working the 50 house rule – don’t make offers on any of them – just keep looking.The purpose of the 50 house Rule is to know every detail about properties on the market, the expired listing market, the tax sale market, the HUD market as well as the market at the court house steps.

If it is deferred maintenance then watch the numbers very closely. 

I've always watched real estate around me and planned one day to eventually invest I'm hoping to start going after something by this time next year at best.

My only complaint is that they do not watch my things in the condo good enough.

I haven't watched any of those shows, but it might be a good practice to see the horror stories.

- Who are the people watching in the stands, and why are they    important? 

This ensures accuracy and keeps a watchful eye on the USPS!