Hi All, I was just looking to see if anyone had any suggestions for a new book to pick up and read as a new investor starting out.

You would still have the cash flow from the rents, but you've basically bought the property at full retail value.If this is the only property you can find right now, and it's not a good deal, I wouldn't pick up a bad deal just to get a deal.

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

I thought maybe I should get the benefit by investing in a property that he can live in and pay rent to me instead of some other random person. 

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

You can even ask some basic questions through those conversations, and now you can ultimately see how the company will treat the tenants and the properties.Usually, a company charges 10% of the rent per month, but just pick up the phone and call around and ask!

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

@Frank HouptI start with picking an area of the country I think I would like to visit and I have direct access to either by an "easy" drive or direct flight.

If they want the work then they will do a free estimate and I will pick the contractor that I think is best suited for the job (notice i didnt say "has the best price").

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.